CEMEX strikes clean energy deal in Guatemala

Building materials provider CEMEX has signed an agreement to purchase clean electricity for its cement operations in Guatemala.
Concrete Plants, Equipment & Applications / June 10, 2022
By Liam McLoughlin
CEMEX says the partnership with Enel Green Power aligns with its ambition to achieve 55% clean energy by 2030
CEMEX says the partnership with Enel Green Power aligns with its ambition to achieve 55% clean energy by 2030

The power purchase agreement will see Enel Green Power supply CEMEX with clean electricity in Guatemala for the next five years.

CEMEX says the agreement reaffirms both its own and Enel Group's commitment to lead their respective industries in climate action and facilitate the transition to clean energy. It adds that the supply contract aligns with CEMEX’s ambitious Scope 2 goal to achieve 55% clean energy by 2030. The approximately 164 GWh of clean electricity supplied under this agreement is equivalent to the CO2 emissions avoided by planting more than 240,000 trees.

“This agreement with Enel Green Power will allow us to operate our cement facility in Guatemala with 100% clean electricity. Transitioning to renewable energy sources is an integral part of our climate action strategy,” said Jesús González, president of CEMEX South, Central America, and the Caribbean. “We remain committed to becoming a net-zero CO2 company and are taking decisive steps to achieve this goal.”

José Sánchez, country manager of Enel Green Power in Guatemala, commented: “At Enel Green Power, generating sustainable energy means taking action and addressing the challenge of global climate change. For this reason, we seek to work in partnership with our largest clients to develop wide-ranging sustainability projects that are in harmony with the environment."

Under its Future in Action programme, CEMEX announced a 40% reduction goal of its specific net CO2 emissions in cement by 2030. Additionally, the company set a target to source 55% of its electricity needs from clean sources by 2030. These climate action goals are aligned to a CO2 reduction pathway validated by the Science Based Targets Initiative (SBTi) according to the Well Below 2°C Scenario. CEMEX says its aggressive 2030 climate action targets are an important milestone in the company’s transition to achieving carbon neutrality by 2050.

Enel Green Power, within the Enel Group, develops and operates renewable energy plants worldwide and is present in Europe, the Americas, Africa, Asia and Oceania. It provides clean energy, with a total capacity of around 54 GW and a generation mix that includes wind, solar, geothermal, and hydroelectric power, as well as energy storage facilities.

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