Ambev signs PPA for wind in Brazil - report

Brazilian beer giant Ambev will be getting wind power for its plants at home from a project with more than 80 MW of capacity in Bahia state, its vice president for sustainability and supply chain, Rodrigo Figueiredo, told Reuters.

Under a 15-year power purchase agreement (PPA) signed with Casaforte Investimentos, the beverage firm will pay a total of BRL 600 million (USD 144.1m/EUR 130.7m) for electricity from wind turbines.

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When the park is up and running, around the start of 2022, Ambev will source from it green power for plants in Northeastern Brazil and for its five Budweiser breweries, Reuters said. In all, this wind farm will meet about 30% of the demand of Ambev's domestic breweries.

The wind project is expected to break ground sometime next year.

Under an earlier contract, also reported by Reuters, the company will be receiving power from 31 solar plants to power its 94 distribution centres in the country.

Ambev's parent company, Belgian brewer Anheuser-Busch Inbev (EBR:ABIT), has a 100% clean power target by 2025.

(BRL 1 = USD 0.240/EUR 0.218)