Asahi Europe & International (AEI), the international branch of the food and beverage company, Asahi Group Holdings, has signed a multi-year Power Purchase Agreement (PPA) with European Energy to receive solar power from a 19MW solar farm in Bath.
A PPA is a long-term electricity supply agreement between a power producer and electricity trader or consumer; it allows both parties to negotiate a long-term price of energy and offers developers some revenue security.
Following the agreement, AEI will offtake power from the soon-to-be-built 19MW Marksbury Plain Solar Farm in Bath.
“This latest agreement providing renewable energy for our breweries in the UK marks another important step forward and significant commitment towards our Legacy 2030 goal of becoming carbon neutral in all our breweries by 2030 and across our wider supply chain by 2050,” said Paolo Lanzarotti, CEO of AEI.
“Now more than ever, and together with our partners we are committed to creating meaningful connections with people and the planet.”
Marksbury Plain Solar Farm received planning permission in June 2022 and construction is expected to commence in the coming months.
“European Energy has developed a strong pipeline of solar and wind projects across the UK, which we will build out over the coming years,” said Adam Spearey, director of European Energy.
“Corporate PPAs have an important role to play in our delivery strategy. We are proud to be able to assist sustainability-focused organizations such as Asahi to further decarbonize their operations and support the energy transition in the UK”.
The PPA follows Rushcliffe Borough Council's approval of European Energy's 49.9MW solar farm in Kingston on Soar earlier this year.
Solar Power Portal's publisher Solar Media will host the Renewable Energy Revenues Summit on 6-7 June 2023 in London. The event gathers asset owners, regulators and commercial and utility off-takers looking to de-risk PPAs, renewable energy certificate procurement and the trading of renewable energy on wholesale markets. For more information, go to the website.