Beverage giant Anheuser-Busch InBev, producer of Budweiser, Beck’s and Stella Artois, has committed to consuming 100% renewable energy for its global operations by 2025.
The producer has a yearly consumption of nearly 6 TWh of electricity, making them the “largest corporate direct purchaser of renewable electricity in the global consumer goods sector, reducing the company’s operational carbon footprint by 30% – the equivalent of taking nearly 500,000 cars off the road,” according to the RE100 press release.
The company plans to secure a large portion of its electricity through direct Power Purchase Agreements (PPA), the first of which was just signed with Iberdrola in Mexico to supply its largest brewery, in Zacatecas. The agreement will provide 490 gigawatt-hours of wind power per year, with energy generation expected to begin in early 2019. This single PPA is expected to increase the total wind and solar energy capacity in Mexico by more than 5%. Similar PPAs in other production countries are already in the planning in countries like Argentina, Brazil, India and South Africa.
“Before long, we will see every Budweiser, Corona, and Stella Artois made with 100% renewable power”, said Sam Kimmins, Head of RE100 at The Climate Group, “and it makes business sense, with financial savings, job creation and emissions cuts on offer…AB Inbev is significantly boosting demand for renewables around the world, showing just the kind of leadership we need to slow climate change and speed a low carbon economy, inspiring other companies right along the value chain.” he adds.
This partnership adds to the growing list of large companies joining the RE100 initiative.