Budweiser Canada announced a virtual power purchase agreement (VPPA) with Capital Power Corporation. The agreement includes approximately 51% of the electricity generated by a new solar facility in Taber, Alberta. Of Budweiser’s contracted electricity, approximately one-quarter will be bundled with project-generated RECs directly from the solar facility and three-quarters will be bundled with RECs sourced elsewhere in Canada. This milestone development is the next chapter in AB In Bev’s global sustainability strategy in which Labatt Breweries of Canada plays a significant role, and specifically the Budweiser brand’s commitment to produce every beer it brews using 100% renewable electricity. The long-term deal supports the addition of Capital Power’s Enchant Solar project to the Alberta market. This is the largest public renewable electricity commitment ever made by a Canadian brewer, with Labatt’s Budweiser brand leading the way in publicly announcing an innovative agreement of this nature. This agreement demonstrates the power of collaboration across industries to advance renewable electricity, for a better world. Construction is set to break ground in the second quarter of 2022 with commercial operations expected by the fourth quarter of 2022. AB InBev’s 2025 Sustainability Goals which were introduced in 2018, remain the company’s most ambitious public commitment yet and include: Smart Agriculture: 100% of direct farmers are skilled, connected and financially empowered. Water Stewardship: 100% of communities in high stress areas have measurably improved water availability and quality. Circular Packaging: 100% of the product is in packaging that is returnable or made from majority recycled content. Climate Action: 100% of the purchased electricity comes from renewable sources & 25% reduction of carbon emissions across the value chain.