Home » Cemex Poland signs with Statkraft for renewable energy deal

Cemex Poland signs with Statkraft for renewable energy deal

by Mark Cantrell
solar panels free image courtesy of Pixabay

Cemex Poland has entered into a long-term contract with renewable power company, Statkraft for the supply of green electricity.

The contract with StatKraft, Europe’s largest supplier of renewable energy, is expected to secure about 30% of the annual energy needs of Cemex Poland’s plants.

It is based on the cPPA (Corporate Power Purchase Agreement) formula, and covers energy supplies over a period of eight years starting January 1, 2025. Energy will be supplied based on a portfolio of electricity from Polish wind and photovoltaic farms.

Tadeusz Radzięciak, director cement operations, and Cemex Polska board member, said: “The concluded contract is important for Cemex on several levels. The contract ensures 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 on 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.”

The contract covers energy supply in the “baseload” product, which guarantees 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 both the power generator and the end user, this is the most advanced product structure in the energy market today. In addition, the contract is said to provide greater diversification of Cemex Poland’s energy purchasing portfolio.

Pieter Schipper, vice president for NW European and US origination at Statkraft, said: “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.”

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