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)