Heineken and Philips joined what is claimed as the first pan-European consortium of its kind formed to secure renewable energy.

The Dutch beer and electronics giants joined chemicals group Nouryon and lighting specialist Signify to sign a 10-year virtual power purchase agreement (PPA) for output from a 35-turbine wind farm in Finland that’s due in operation from 2023, and will be built by developer Neoen.

The deal covers about 330GWh of electricity annually that will be delivered to the Finnish grid, with the four offtakers getting guarantees of origin they can set against power used by their own operations elsewhere in Europe.