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Beer-maker AB InBev signs virtual power contract for 130 MW of solar in Spain

Anheuser-Busch InBev SA, maker of Budweiser and Stella Artois beers, signed a 10-year virtual power purchase agreement with BayWa r.e. renewable energy GmbH for over 130 MW of solar energy from new facilities to be built in Spain, the companies announced Jan. 9.

The contract will allow the brewer to power its European operations with 100% renewable energy, covering AB InBev's 14 breweries in western Europe and over 50 brands brewed and sold in 12 countries.

Under the contract, BayWa r.e. will finance and develop two new solar facilities in Spain with a combined capacity of 200 MW, of which 130 MW will be supplied to AB InBev. One of the facilities will be called the Budweiser Solar Farm.

The new solar projects are expected to be connected to the grid by March 1, 2022. Before that, BayWa r.e. will provide AB InBev with 75 GWh of guarantees of origin from its La Muela wind farm in Zaragoza, Spain.

AB InBev also pledged to source all of its purchased electricity from renewable energy projects as part of its 2025 sustainability goals.