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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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