CEMEX Helps Mexican Clean Energy Projects
Global cement company CEMEX is participating in a Clean Energy Fund that is expected to raise $300 million through a public offer of capital development certificates in the Mexican stock exchange. The proceeds will be invested in a series of clean energy projects in Mexico. The first project will be the construction of a wind-powered park, Ventika, in the northern state of Nuevo Leon.
CEMEX’s participation in the Clean Energy Fund will be limited to management and advisory activities under the guidance of a technical committee, and the company will limit its participation to a minority equity stake not exceeding 10 percent in the sponsored projects.
As part of its responsibilities, CEMEX will provide a team of professionals with experience in energy related projects, an extensive network of contacts, assistance in negotiating and closing these type of transactions, proficiency in optimizing capital structures, and knowledge of the different stages of a project’s life cycle.
Earlier this month, CEMEX said it had commissioned a 1 MW wind turbine at its quarry located in Madison, Calif.
- Evaluation Guide: Four Steps to a Successful Lighting Evaluation
- What You Need to Know About Demand Charges
- The Guru’s Guide: Implementing Environmental ERP Systems
- 2014 Environmental Leader Product and Project Awards
- 2014 Energy and Sustainability Predictions: Findings from Leading Professionals
- The Impact of a Changing Workforce on Facilities Management
- Expert Q and A: Tips for Automating your Energy Data
- Guide to Energy, Carbon and Environmental Software
- How "Fixed" is the Fixed Price Product?
- Alarms Management: The Future is Now
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement
- Smart Building Technology: The Key to Comprehensive Building Performance
- What Energy Managers Need to know about Procuring Natural Gas: Guidance for 2014 Natural Gas Contracts
- Energy Optimization from the Boiler Room to the Board Room