Robert Metzke, Global Head of Sustainability at Philips: “Climate change threatens our healthcare systems globally. This renewable electricity partnership raises the bar in how we can jointly increase green energy supply across Europe, in line with the UN Paris Agreement. With this agreement, we secure renewable electricity supply to power our global operations for a 10-year period, delivering real progress on our 2025 climate targets. By the end of this year, we will be carbon neutral in our own operations, and we aim to source over 75% of our total energy consumption from renewable sources by 2025.”
Nicola Kimm, Head of Sustainability, Environment, Health & Safety at Signify: “The world increasingly faces the challenges posed by climate change. The time to act is now. We already achieved carbon neutrality for all our global operations earlier this year and we source 100% renewable electricity. Now we are committing to double the pace we reach the Paris Agreement over our value chain by 2025. Joining forces to realize this Pan-European PPA will accelerate the transition to clean energy and supports our climate action ambitions. We hope to encourage others to follow so we can collectively reduce carbon emissions around the globe.”
The new wind farm will be realized by Neoen, an independent French producer of renewable energy. The four parties were advised on the consortium by Schneider Electric.
For more information about virtual PPA’s and Philips’ commitment, please click here.
 Across 13 of its European Operating Companies in Romania, Portugal, Belgium, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Ireland, Serbia, Slovakia, Slovenia and Switzerland.