CEMEX, S.A.B. de C.V. (“CEMEX”) announced that it has signed a power purchase agreement with ACCIONA Energía for the supply of clean electricity for CEMEX’s cement operations in Spain. The agreement strengthens CEMEX’s efforts to ensure a sustainable and reliable supply of energy while also providing cost certainty for its operations in Europe.
“Increasing clean electricity consumption is a key part of our decarbonization roadmap,” said Sergio Menéndez, President of CEMEX Europe, Middle East, Africa & Asia. “This agreement shows our commitment to our clean energy transition, building on the success of similar agreements in other geographies.”
CEMEX has standing agreements to acquire clean electricity in several countries globally. Earlier this year, the company announced its cement operations in Guatemala would run entirely on 100% clean electricity from Enel Green Power.
CEMEX has an ambitious Scope 2 goal to obtain 55% of its electricity needs for cement operations from clean sources by 2030. Scope 2 emissions are indirect greenhouse gas emissions associated with the purchase of electricity; their reduction is key to the company’s Future in Action program to achieve carbon neutrality. In 2021, the company achieved a clean electricity rate of 30% in its cement operations worldwide.
