AB InBev’s Power Purchase Agreement with Iberdrola for 490 gigawatt-hours per year

Von Wobeser y Sierra has advised on the transaction

Anheuser-Busch InBev announced a commitment to secure 100% of the company’s purchased electricity from renewable sources by 2025. In total, this will shift 6 terawatt-hours of electricity annually to renewable sources in the markets where AB InBev operates and will help transform the energy industry in countries like Argentina, Brazil, India and South Africa.

AB InBev’s renewable electricity transformation will begin in Mexico, which is home to the company’s largest brewery, in Zacatecas. AB InBev has signed a Power Purchase Agreement with Iberdrola for 490 gigawatt-hours per year. With this new partnership, the company will be able to meet all of its purchased electricity needs for production sites in the country. The agreement with Iberdrola is also expected to increase Mexico’s wind and solar energy capacity by more than 5%. Iberdrola will build and install 220 MW of wind energy capacity onshore in the state of Puebla, and energy generation is expected to begin in the first half of 2019.

Von Wobeser y Sierra, S.C. has advised Grupo Modelo (AB InBev) with Edmond Grieger (Picture) and Sofía López Casarrubias.

Involved fees earner: Edmond Frederic Grieger – Von Wobeser y Sierra SC; Sofía López – Von Wobeser y Sierra SC;

Law Firms: Von Wobeser y Sierra SC;

Clients: Anheuser-Busch InBev;

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Author: Ambrogio Visconti.