Cemex Poland bets on renewable energy sources

November 13, 2023

Cemex Poland has entered into a long-term contract with Statkraft for the supply of green electricity from renewable sources, which is confirmed and secured by the purchase of a Guarantees of Origin (GOs). 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 actual 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 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," said Tadeusz Radzięciak, Director Cement Operations, Cemex Polska Board Member.

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 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.

Cemex for the climate

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.

As part of its sustainability efforts, Cemex Polska's product portfolio is being consistently enriched with solutions for sustainable construction. The company offers its customers low-emission Vertua® products - concretes, admixtures, bulk cements and bagged cements - and, more recently, recycled aggregates.

About Cemex

Cemex is a global building materials company that cares about a better future through sustainable products and solutions. Through constant innovation and extensive research and development, the company strives to achieve climate neutrality. Cemex is a leader in the closed-loop economy in the construction sector, and through the implementation of new technologies, it is also a pioneer in the use of alternative fuels and secondary raw materials in production processes. Cemex offers cement, ready-mixed concrete, aggregates and urbanization solutions in growing markets around the world, and its international team provides high-quality services to customers using digital technologies.

For more information, visit www.cemex.com

About Statkraft

Statkraft is a leading company in hydropower internationally and Europe's largest generator of renewable energy. The Group produces hydropower, wind power, solar power, gas-fired power and supplies district heating. Statkraft is a global company in energy market operations. It employs 5,700 employees in 21 countries. In Poland, Statkraft has been operating in the renewable energy trading segment since 2018. The company offers physical and financial PPAs, as well as develops wind farms, solar farms and energy storage projects. In 2022, Statkraft opened an office in Warsaw dedicated to the development of renewable assets. The company is wholly owned by the Norwegian state and has an A credit rating from S&P.

For more information, visit www.statkraft.com

The development and implementation of CEMEX's building materials technology is part of the global research and development headed by the CEMEX Research Center, headquartered in Switzerland.

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