Matrix Renewables, Asahi ink VPPA for 44 MW of new solar in Italy

• Matrix Renewables, the TPG Rise-backed Madrid-based renewable resource platform, has clinched a virtual power purchase agreement (VPPA) with beer manufacturer Asahi Europe & International (AEI) to support the construction of 44 MW of solar farms in Italy.

The contract will enable AEI to procure solar power for 10 years beginning in 2025, Matrix Renewables said on Tuesday.

The new solar farms will certainly supply around 58 GWh of power annually.

The PPA is the very first for Matrix Renewables in Italy and also 7th in the period of 15 months, the firm said.

AEI is the worldwide branch of Japanese beverage and also food business Asahi Group Holdings (TYO:2502). The firm has actually pledged to make all of its European breweries carbon neutral by 2030.