June 6 (Renewables Now) - Brazilian beer giant Ambev has signed contracts with four different unnamed partners to build 31 solar plants by March 2020, the firm's sustainability and supply director Leonardo Coelho said in an interview with Reuters.
Together, these facilities are expected to generate 2,600 MWh per month from 50,000 of solar panels.
The photovoltaic (PV) farms will supply the 94 brewery distribution centres Ambev has in Brazil. The four partners will invest BRL 50 million (USD 13mm/EUR 11.5m) in the construction and will receive BRL 140 million from the brewer over a period of 10 years. At the end of the 10-year contract Ambev will become the owner of the solar plants, Coelho told Reuters.
This move is in line with a 100% clean power target by 2025 set by Ambev's parent company Belgian brewer Anheuser-Busch Inbev (EBR:ABIT).
(BRL 1 = USD 0.26/EUR 0.23)