Macquarie’s Green Investment Group is to sell electricity to lighting company Signify from the 42MW Kisielice wind farm in Poland under a 10-year virtual power purchase agreement.
The project located 200km north of Warsaw and was acquired by GIG in August.
It consists of 21 Enercon E-82 turbines and has been operational since 2014.
The VPPA will cover electricity at four of Signify’s factories and several offices throughout Poland.
It will help the company reduce its annual carbon footprint by 73 kilo tonnes of carbon dioxide equivalent a year.
This agreement, which is Signify’s first VPPA in Europe, is the result of a competitive tender process.
Signify head of sustainability, environment, health and safety Nicola Kimm said: “This VPPA is a major milestone on our journey to become carbon neutral in 2020.
“It’s crucial for our transition to 100% renewable electricity next year, as well as supporting Poland’s energy transition.”
GIG head in Europe Edward Northam said: “More and more firms, like Signify, are setting clear carbon-reduction targets – which is boosting demand for renewable power.
“We have a well-established track record in financing and delivering these kinds of PPAs and are delighted to have worked with Signify on our first such project in Poland.”
Schneider Electric Energy & Sustainability Services was an advisor to Signify on the process of identifying and selecting the project.