Company enters into long-term contract with Europe’s largest renewable energy supplier
CEMEX Poland have entered into a long-term contract with Statkraft – Europe’s largest generator of energy from renewable sources – for the supply of green electricity, which is confirmed and secured by the purchase of a Guarantees of Origin (GOs). Sourcing lower-carbon electricity is part of Cemex’s global ‘Future in Action’ strategy to combat climate change.
The Statkraft contract is based on the cPPA (Corporate Power Purchase Agreement) formula and covers energy supplies over a period of eight years starting 1 January 2025. The signed contract is expected to secure approximately 30% of the annual energy needs of Cemex Poland’s plants.
Energy supplied to Cemex plants under the contract will be based on a portfolio of electricity from Polish wind and photovoltaic farms. 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 contract is important for Cemex on several levels,’ said Tadeusz Radzięciak, director of cement operations and board member of Cemex Polska. ‘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 Mr Radzięciak.
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.
Pieter Schipper, vice-president of 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 24h a day, 365 days a year, based on our RES (renewable energy sources) portfolio which includes electricity from both wind and solar assets.’
Poland is the second country in the Cemex group in Europe, after Spain, to have such a contract.