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Schoenherr Advises Enery on Ten-Year Renewable Energy VPPA with Dreher Breweries

Schoenherr Advises Enery on Ten-Year Renewable Energy VPPA with Dreher Breweries

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Schoenherr has advised Enery on its ten-year virtual cross-border power purchase agreement with Asahi Europe & International's Dreher Breweries in Hungary.

The agreement aims to provide green energy and guarantees of origin for the production at Dreher Breweries' facilities in Hungary, Schoenherr reported. "Under the deal, Austria-based Enery will provide the venerable Hungarian brewery with 14 gigawatt-hours of certified renewable electricity a year, starting from January 2025. This marks Enery's second long-term VPPA with subsidiaries of Asahi Europe & International, following a 50-megawatt-peak VPPA with Romania's Ursus Breweries concluded in 2023."

Enery has an operating renewable energy portfolio of 312 megawatts, generating almost 450 gigawatt-hours, as well as a development pipeline of more than 8 gigawatts in 11 countries.

According to the firm, the contract supports Asahi Europe & International's goal of becoming carbon neutral in all its breweries by 2030 and is also "one of the first major PPAs in the Hungarian FMCG sector, as well as a sustainability undertaking yet to be followed in the local food industry."

The Schoenherr team was led by Romania-based Partner Monica Cojocaru and Managing Attorney at Law Vlad Cordea and included Hungary-based Attorney at Law Gergely Horvath.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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