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.
- Guide to Energy, Carbon and Environmental Software
- Environmental Leader Technology Reviews
- The Logistics, Carbon, and Business Data Book: Fall 2012 Sustainability Trends
- 2013 Insider Knowledge
- How to Reduce Cost by Increasing Accountability for Energy Efficiency
- How "Fixed" is the Fixed Price Product?
- Cox Enterprises Cuts Energy Costs Up to 10-15% in Certain Markets
- The Impact of a Changing Workforce on Facilities Management
- The Business Case for Corporate Sustainability Tools
- 5 Must-Have Utility Billing Alerts
- 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
- Your Roadmap for Energy Management: First Stop – Myths & Realities of Energy Purchasing
- Control the Balance of Power: The Future of Intelligent Energy Systems