Cemex has announced its intention to take part in a Clean Energy Fund, which is expected to raise around US$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. Cemex will provide technical expertise in clean energy generation to all of the fund’s projects.
The company will offer its experience in energy projects, from the initial planning stage to development and ongoing operation. 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 optimising capital structures, as well as knowledge of the different stages of a project’s life cycle.
“As part of Cemex’s energy strategy, we have been industry pioneers in the use of clean energy and alternative fuels,” said Dr Luis Farías, Cemex Vice President for Energy and Sustainability. “We want to use this knowledge to continue to help build a more sustainable future.”
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/the-americas/30102012/cement_cemex_clean_energy_fund_mexico_165/