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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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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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