CX Completes EURUS Construction - Analyst Blog

CEMEX, S.A.B. de C.V. (CX) announced the installation of the 167 wind turbines in the EURUS wind farm, which was completed on Nov 15, 2009 in Juchitan, Oaxaca, Mexico. EURUS has a capacity of 1.5 megawatts (MW) each built with ACCIONA Windpower technology. The wind farm represents an investment of US$550 million (approximately €367 million Euros). EURUS has 250 MW of power production capacity.
 
Cemex has been the promoter of this project developed by the joint venture between Cemex and ACCIONA. Part of the energy generated by EURUS will supply approximately 25% of Cemex's energy needs in its Mexican cement plants. ACCIONA financed, constructed and manages the wind farm.
 
The installation of wind turbines in the park was initiated in July 2008 and the wind turbines were connected to the electrical grid in February 2009. After the conclusion of the assembly of the wind turbines, the wind farm will be operative.
 
EURUS is located in Juchitan, in the Southern Mexican State of Oaxaca in a 2,500 hectare area in the Tehuantepec Isthmus, an area well-known for its wind resources.

The energy that will be produced by EURUS is estimated to be sufficient to power a Mexican city of half a million inhabitants, reducing CO2 emissions by approximately 600 thousand metric tons each year, which is approximately 25% of the total emissions generated by such a community.
 
EURUS will be one of the largest wind farms in the world and the second largest in terms of emissions reduction registered under the Clean Development Mechanism of the United Nations (Kyoto Protocol). It will also have one of the largest emission reduction indexes per installed capacity in the world.
 
The wind farm represents a major contribution towards the global effort that Cemex is making to reduce its emissions footprint and to become more sustainable.

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