Cement group GCC inks solar PPA in Mexico

Solar park in Mexico. Author: Presidencia de la Rep├║blica Mexicana. License: Creative Commons, Attribution 2.0 Generic.

December 18 (Renewables Now) - Mexican cement manufacturer Grupo Cementos de Chihuahua SAB de CV (BMV:GCC) will run some of its operations in Mexico on solar energy under a newly-signed power purchase agreement (PPA).

The company said Tuesday it signed a 15-year off-take deal with an unnamed Mexican solar power supplier for electricity for its cement factory in Juarez, ready-mix and aggregates operations and corporate offices.

The PPA comes into force in January 2021 and will enable GCC to cover with solar power around 20% of its total power demand in Mexico. The Chihuahua-based cement producer said it stands to save roughly USD 2.5 million (EUR 2.2m) in annual electricity costs.

The latest PPA is the company’s second this year. In September, GCC announced a ten-year deal in the US to power the cement factory in Odessa, Texas with electricity from wind and solar farms.

(USD 1.0 = EUR 0.9)

More stories to explore
Share this story
About the author

Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription