The contract is based on the CPPA (Corporate Power Purchase Agreement) formula and covers energy supplies over a period of 8 years starting January 1, 2025. The signed contract is expected to secure about 30% of the annual energy needs of Cemex Poland's plants. Statkraft is Europe's largest generator of energy from renewable sources.
Sourcing lower-carbon electricity is part of Cemex's global Future in Action strategy to combat climate change.
Energy supplied to Cemex plants under the signed contract will be supplied based on a portfolio of electricity from Polish wind and photovoltaic farms. It is worth noting that the signed contract is a so-called physical energy supply contract, covering the energy generated from a specific group of Polish generating units supplying green energy.
"The concluded contract is important for Cemex on several levels. The contract ensures a stable supply of a large volume of electricity while at the same time securing a guaranteed, predictable level of prices for supplied energy in the long term. This is particularly important in the context of the rapid and unpredictable changes in energy prices in the European and Polish energy markets recorded in the last several months. In addition, the partnership with Statkraft is crucial in the context of achieving the Cemex Group's sustainability goals. After all, sourcing energy from renewable sources enables a significant reduction in the carbon footprint of our production facilities," said Tadeusz Radzięciak, director of Cement Operations, Cemex Polska Board Member.
The contract covers the energy supply in the 'baseload' product, which guarantees a stable supply of fixed amounts of energy at each hour of the day for the duration of the contract. From the point of view of the power generator and the end user, this is today's most advanced product structure in the energy market. In addition, the contract provides greater diversification of Cemex Poland's energy purchasing portfolio.
"As a leading integrator of the renewable energy market in Poland, at Statkraft, we are convinced that we can drive the energy transition while supporting the competitiveness of the Polish industry. A great example of this is our partnership with Cemex Poland, where we provide a green baseload - a constant supply 24 hours a day, 365 days a year, based on our RES (renewable energy sources) portfolio, which includes electricity from both wind and solar assets," said Pieter Schipper, VP NW European & US Origination at Statkraft.
Poland is the second country in the Cemex group in Europe, after Spain, to have such a contract.
Sourcing energy from renewable sources is part of Cemex's global strategy, Future in Action. Its goal is to combat climate change by, among other things, reducing carbon dioxide emissions at production facilities.
Cemex Polska's product portfolio is consistently enriched with sustainable construction solutions as part of its sustainability efforts. The company offers its customers low-emission Vertua products - concretes, admixtures, bulk cements and bagged cements - and, more recently, recycled aggregates.