Dominican brewer Cerveceria to go solar via PPA with France's Akuo

Cerveceria Nacional Dominicana, a beer producer owned by Belgium-based brewing company AB InBev (BVMF:ABUD34), will procure solar power for its local operations under a power off-take deal with France’s Akuo Energy.

The power purchase agreement (PPA) will facilitate the construction of the 53-MW Matrisol photovoltaic (PV) park in the Hato Nuevo neighborhood of the Dominican Republic's Maria Trinidad Sanchez province. The bulk of the plant’s output will be bought by Cerveceria Nacional Dominicana, Akuo said in a press release.

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The solar farm will be installed with the support of investment fund manager GAM Capital and regional lender Banco Popular. A definitive concession agreement for the project was signed with the National Energy Commission (CNE) in February.

The PV park is expected to commence operations in 2023.

Matrisol will be French renewable power producer Akuo’s third project in the Dominican Republic where it already has its Pecasa wind farm and Solar GEM plant generating electricity.