The Strategist

Philips fully transfers its Netherlands businesses to renewable energy

05/17/2019 - 10:15

Royal Philips NV completely switched to renewable energy in the Netherlands after the opening of the wind power plant in the south-west of the country.

Remy Overkempe
Remy Overkempe
As stated in the company's press release, at present, half of its enterprises around the world use energy derived from ecological clean sources. The company has set a goal to reduce carbon dioxide emissions at its plants to zero by 2020, switching to renewable energy sources.

In 2016, Philips, together with Google and the Dutch companies Akzo Nobel and DSM, formed a consortium to discuss power purchase agreements with wind power plant operators in the Netherlands.

Under one of the agreements, members of the consortium will purchase 95% of the total amount of electricity produced by the wind park, which is 102 MW, over the next 15 years.

"We consider reducing carbon dioxide emissions to zero as quickly as possible not only as a moral obligation, but also as an opportunity for business development, since environmental friendliness is becoming an increasingly important criterion for customers when choosing a supplier," said Philips head Frans van Houten.