September 29 (Renewables Now) - Beer-making multinational Anheuser-Busch InBev SA (EBR:ABI) on Wednesday inaugurated the 147.6-MWp Verbund Pinos Puente solar farm in southern Spain, one of two projects included in its cross-border virtual power purchase agreement (VPPA) announced in early 2020.
The project was developed by German renewables firm BayWa r.e., before selling it to its current operator Austrian power producer Verbund AG (VIE:VER) in November 2021. At the time, the project was known as the Illora solar park.
BayWa r.e. was the party that signed the VPPA with An InBev, arranging a ten-year deal for Illora/Verbund Pinos Puente and another solar development. According to a joint statement released by the three companies on Wednesday, that second solar farm will be connected to the grid by the end of October.
The Verbund Pinos Puente solar farm will generate some 260 GWh per year. An InBev’s VPPA covers the supply of 250 GWh/year, which is enough power to brew over 10 billion beers annually. The arrangement also enables the beer maker to match its entire power consumption in Western Europe with 100% renewables, according to the press release.