Commercial, Solar, Sourcing Renewables - January 10, 2020
AB InBev inks largest European corporate solar deal
AB InBev, the maker of beers including Budweiser, will begin to power all its European operation with 100% renewable energy through a 10-year VPPA in the largest Pan-European corporate solar deal to date.
The agreement with global renewable energy developer BayWa r.e. will cover AB InBev’s 14 breweries in Western Europe and over 50 brands brewed and sold in 12 countries. BayWa r.e. will fund and develop two new sites in Spain, which will provide 250 gigawatt-hours of renewable electricity per year for AB InBev’s breweries.
“As a brewer, we rely on natural ingredients – water, hops, barley and yeast – to make our beers, so we know that sustainability is not just part of our business, it is our business,” Jason Warner, Zone President for Europe at AB InBev, said in a statement. “From recycling CO2 released in the brewing process to eliminating plastic from our packaging, we are constantly looking to not only reduce our environmental impact but to have a net positive effect.”
The new solar projects are expected to come online by March 2022. The agreement also states that BayWa r.e. will provide AB InBev with 75 gigawatt-hours of Guarantees of Origin from its wind farm in Zaragoza, Spain.
AB InBev plans for all purchased electricity across the world to eventually come from renewable sources and is shifting its operations in the UK, Russia, Mexico, the United States, Australia, China and India to match that goal.
- A Guide to IFRS Accounting for VPPAs
- Insights from the 2020 Renewable Energy Sourcing Forum - Winter Edition
- Iron Mountain Data Centers aces the Better Buildings Challenge
- Challenging Channels: Creativity and Competition
- SED Pulse Survey: COVID-19's Impact on Sustainability Goals and Workplace Restart