Enel and Anheuser-Busch sign 152 MW PPA

Anheuser-Busch and Enel Green Power, have announced y that they have signed a power purchase agreement (PPA), whereby Anheuser-Busch will purchase the energy delivered to the grid and renewable electricity credits from a portion of Enel’s Thunder Ranch wind project in the amount of 152.5 MW.

The wind energy partnership between EGP and Anheuser-Busch will be the beer company’s first contracted utility-scale project to start operations in the world, once the Thunder Ranch wind farm becomes operational, which is expected by the end of 2017.

As the leading commitment to renewable power from a beer company to date, this partnership marks a vital step in delivering on the global commitment by Anheuser-Busch’s parent company to secure 100 percent of purchased electricity from renewable sources by 2025.

João Castro Neves, president and CEO of Anheuser-Busch, said:

“As we strive to bring people together to build a better world, we at Anheuser-Busch are dedicated to reducing our carbon emissions. Helping to grow the renewable energy market is not only good for the environment, it is a strategic business move as we strive for long-term sustainability. Now more than ever, we are excited to lead our company’s global effort toward a renewable future and, partnering with Enel, set an industry example of how major companies can help to make a difference in climate change.”

 Antonio Cammisecra, CEO of Enel Green Power, commented:

“We are thrilled to partner with Anheuser-Busch, a company, which like the Enel Group, is taking great strides to help tackle some of the world’s greatest challenges. Power Purchase Agreements are an attractive model that provide not only an avenue for growth, but also revenue certainty through stable pricing. This agreement is another important milestone for our company in the U.S. and globally, once again underscoring Enel Green Power’s position as the partner of choice for corporate customers, as we help them achieve their sustainability targets by providing customized renewable energy solutions, leveraging our industry-leading cost model and technology expertise.”

The Thunder Ranch wind farm, located in Garfield, Kay and Noble counties, Oklahoma, is comprised of two phases that total 298 MW of capacity. This project will support employment in the renewables sector by creating around 400 temporary jobs at peak of construction. Once fully operational, Thunder Ranch will be able to generate more than 1,100 GWh each year, which is equivalent to the amount of electricity consumed annually by approximately 89,400 U.S households. The overall investment in Thunder Ranch amounts to approximately US$435 million U.S. dollars, which is part of the investment outlined in Enel’s current strategic plan.