Solar industry sees huge power purchase deal as ‘major milestone’

The EU’s solar power industry has welcomed the “largest pan-European corporate solar power deal in history” struck by global drinks giant AB InBev as it looks to turn its Budweiser beer brand green.

The deal takes the form of a 'virtual' power purchase agreement (VPPA) in which supplier BayWa, part of a Munich based group of renewable energy firms, will develop two solar farms in Spain, one to be named after AB InBev's beer brand Budweiser.

It will deliver an annual 250 gigawatt hours of renewable electricity for 10 years, with the 'virtual' nature of the deal reflecting that fact that the solar arrays will not be directly linked to Budweiser’s 14 breweries in western Europe. 

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