Cemex inaugurated on Thursday a wind park in southern Mexico in a bid to cut energy costs by 10 per cent and depend less on volatile prices from other electricity providers.
Cemex said it developed the 250MW EURUS wind power generation park in a venture with Spanish builder Acciona.
The park is located in the state of Oaxaca, where other companies have taken advantage of extremely windy regions to install generators for wind power.
Acciona is investing US$550m in the EURUS project while Cemex will pitch in US$42m.
The EURUS park is expected to reach full capacity, with 167 generators in operation, by the end of this year.
Cemex Chief Executive Lorenzo Zambrano said the plant was among the biggest low- emission wind power generation parks in the world.