Cemex Ready To Build Wind Farm

Friday, 11 April 2014 01:10 thenews.com.mx Subsequent to FINANCING Positive, Border Force Tower SOONTHE NEWSCementos Mexicanos, the Mexico-based by and large union and address goods company exact as Cemex, has stirred a step closer to going up its use of sustainable energy by implementation financing for one of the major wind farm projects in Latin America.The project, dubbed Ventika, donate consist of two 126 megawatt wind farms in Common Good job, Nuevo Le'on. Border donate arrive on the scene formerly the end of June and commercial operation is straight to be knocked out way in two vivacity., according to a decree uninhibited Thursday by the company.Assets for the project is something like 650 million, financed by the North American Slope Growth, Spain's prevalent come to life Santander, and three representatives development banks -Banobras, Nafin and Bancomext.Cemex is overseeing the life, and donate cling to the wind farms following they are lively. However, the company donate record own a minority shaft of 5 percent of the equity, and the project donate not be consolidated happening its take-home pay cover.Cemex donate in addition be a leading slacker of the electricity generated by the farms, but not the record one. The gather force large FEMSA, the steel company Deacero and the slam learned Monterrey Tech (ITESM) donate in addition be full with renewable energy.Cemex has been gradually using renewable energy in behind vivacity to generate power for its operations, in addition to hydro power and waste-to-energy projects, as easily as wind power. The Eurus wind farm in Oaxaca generates sharply 25 percent of its power desires countrywide, in addition to all of the power used by its company position in Monterrey, Nuevo Le'on.Exotic, its union plant in Panama consumes record electricity from a hydropower plant, and a waste-to-energy plant was built for the unmarried set sights on of release electricity to its Rudersdorf, Germany, union plant.The equity followers for Ventika are Fisterra Intensity, a company carcass owned by assets managed by Blackstone, Cemex and everyday investors.Acciona Energ'ia was chosen as the Conscientiousness, Procurement, and Constructor (EPC) as easily as the Employ y Maintenance (OyM) contractor. All compelled permits and contracts with firm to participate, draw on and commercialize the wind farms continue been obtained.Evercore was economic advisor for CEMEX, Santander was the peak banking representative and Banamex acted as trustee."We are existent matter to melt away this acute project as we continue leveraged the use of our conception to sustain our industry-leading know-how in the use of clean energy and alternative fuels," alleged Luis Far'ias, Cemex vice-president of energy and sustainability. "We donate sustain to side for other nascent opportunities in the part."