Shoosmiths was instructed by the Molson Coors Beverage Company (the brewers of Carling, Coors and Doom Bar among other iconic beers), assisting them with the signing a power purchase agreement (PPA) to supply their UK operations with 100% green energy generated from the Tween Bridge wind farm in South Yorkshire.
The energy and infrastructure team drafted and helped to negotiate the contracts that underpinned the 10-year agreement with energy group RWE, meaning more than 1 billion pints produced in the UK each year at breweries in Burton-upon-Trent, Tadcaster and Sharps in Cornwall and the Aspall Cyder House in Suffolk, will be made with 100% renewable energy. The agreement also covers energy supply to Molson Coors’ corporate offices, national distribution centre and national call centre in Cardiff.
RWE will provide 75 gigawatt hours of renewable energy per year (about the same amount of electricity that would serve 25,000 households). The brewer has made impressive progress in other parts of its sustainability plan, including increased use of recycled or reusable packaging (e.g. bottling its Staropramen brand using 100% recycled material) and reducing water waste.
Shoosmiths advised Molson Coors on all the legal aspects of this corporate PPA arrangement, including the PPA with RWE and the sleeving and energy supply agreements with its licensed electricity supplier. The firm’s energy and infrastructure team has a strong track record in corporate PPAs and are currently advising a number of generators and large corporate offtakers/buyers on power purchase agreements underpinning various renewable energy projects across the UK.
Read more about this work here: Molson Coors ESG Report.
Disclaimer
This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. © Shoosmiths LLP 2024.