The Kenyan financial services business has been developing rural mini grids across Africa and has announced plans to show its rivals how such networks can thrive, in a bid to accelerate access to electricity on the continent.
The German renewables group and brewer Anheuser-Busch InBev claim the transaction is the largest pan-European solar power deal with an industrial client to date. The companies have already agreed on a virtual power purchase agreement related to two Spanish PV plants that are scheduled for grid connection by spring 2022.
The brewery giant has joined the band of corporations cutting their carbon emissions with corporate PPAs. The deal now is the UK’s largest of this type. But elsewhere in Europe unsubsidized solar PPAs are also taking hold, indicating a striving industry despite a turn away from FIT schemes.
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