Ambev to invest $145 mln in wind farm to power Budweiser breweries in Brazil

Ambev SA said on Friday it has signed a deal with a private equity group to build a wind farm that will supply renewable energy to all of its beverage plants in Northeastern Brazil, as well as to its five Budweiser breweries across the country. Under the terms of the agreement, Ambev is expected to pay around 600 million reais ($145 million) over a 15-year period to Casaforte Investimentos, which in turn will build a 1,600 hectare wind farm in Bahia state exceeding 80 megawatts in capacity. “This power purchase agreement will cut 20,000 tonnes in carbon dioxide emissions per year, which is the equivalent of removing 35,000 cars from the streets per year,” Ambev’s vice president for sustainability and supply chain, Rodrigo Figueiredo, told Reuters in an interview.