Potential offtaker

Grupo Modelo SAB de CV

www.gmodelo.mx

Estimated electricity consumption

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Countries of production presence

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Grupo Modelo SAB de CV is a Mexican-based company that operates in the Brewers sector. Founded in 1925, the company is responsible for producing and distributing some of Mexico's most popular beer brands, including Corona, Modelo, and Pacifico. Grupo Modelo has a strong commitment to sustainability, and as such, they have made significant strides in decarbonisation, corporate energy, corporate PPA, and renewable energy.

Decarbonisation is a critical issue facing the world today, and Grupo Modelo is doing its part to reduce its carbon footprint. The company has implemented a range of measures to reduce its greenhouse gas emissions, including investing in energy-efficient technologies, optimizing its logistics operations, and reducing waste. In 2019, Grupo Modelo announced that it had achieved carbon neutrality across its operations, making it the first beer company in Mexico to do so. The company's commitment to decarbonisation is not just good for the environment, but it also helps to reduce costs and increase efficiency.

Corporate energy is another area where Grupo Modelo is making significant progress. The company has implemented a range of measures to reduce its energy consumption, including investing in energy-efficient technologies, optimizing its production processes, and reducing waste. In 2019, Grupo Modelo announced that it had achieved a 23% reduction in energy consumption per hectolitre of beer produced compared to 2012 levels. The company's commitment to corporate energy is not just good for the environment, but it also helps to reduce costs and increase efficiency.

Corporate PPA (power purchase agreement) is a relatively new concept in the energy sector, but it is one that Grupo Modelo has embraced. A corporate PPA is an agreement between a company and a renewable energy provider to purchase a specified amount of renewable energy at a fixed price over a set period. Grupo Modelo has signed several corporate PPAs with renewable energy providers in Mexico to help power its operations. In 2019, the company signed a 15-year corporate PPA with a wind farm in Oaxaca, Mexico, which will supply 70% of the electricity needed to power its operations. The company's commitment to corporate PPA is not just good for the environment, but it also helps to reduce costs and increase efficiency.

Renewable energy is a critical component of Grupo Modelo's sustainability strategy. The company has made significant investments in renewable energy, including wind and solar power. In 2019, Grupo Modelo announced that it had installed a 1.2 MW solar power system at its brewery in Zacatecas, Mexico. The solar power system is expected to generate 1,800 MWh of electricity per year, which is equivalent to the annual energy consumption of 1,050 Mexican households. The company's commitment to renewable energy is not just good for the environment, but it also helps to reduce costs and increase efficiency.

In conclusion, Grupo Modelo SAB de CV is a Mexican-based company that operates in the Brewers sector. The company has a strong commitment to sustainability, and as such, they have made significant strides in decarbonisation, corporate energy, corporate PPA, and renewable energy. Grupo Modelo's commitment to sustainability is not just good for the environment, but it also helps to reduce costs and increase efficiency. The company's efforts in these areas are commendable, and they serve as an excellent example for other companies in the Brewers sector to follow.

✓ Current offtaker under Corporate PPA's