Adding green energy to the grid: Philips, HEINEKEN, Nouryon and Signify form first Pan-European consortium for future wind farm
The consortium has committed to contracting renewable electricity from the wind farm for the first 10 years through a virtual PPA.
- The consortium has committed to contracting renewable electricity from the wind farm for the first 10 years through a virtual PPA.
- The electricity will be physically delivered to the Finnish grid while the four consortium partners benefit from the Guarantees of Origin.
- This provides income stability for the renewable project while guaranteeing clean energy benefits for the corporate buyers.
- The new wind farm will be realized by Neoen, an independent French producer of renewable energy.