Audax Renovables begins construction works on el Toconal project
The company obtains the administrative and construction authorization for El Toconal project, which allows it to start construction immediately.
Audax Renovables (ADX.MC), the integrated energy group with 100% renewable energy generation, continues to boost its generation activity through the different generation projects that make up its portfolio.
Continuing with its commitment to keep the stakeholders permanently informed on the progress of the status of the projects incorporated in an exercise of ongoing transparency, and in relation to the El Toconal project, located in the town of Los Navalmorales (province of Toledo) with a capacity of 5 MWp, the Company is pleased to announce the obtaining of prior administrative and construction authorization from the competent authorities.
Now that the building permit has been obtained, the company plans to start construction next week, ensuring that it will be accompanied by first-class contractors, which meet high quality standards, under the EPC (turnkey) modality.
With this authorisation for the construction of the aforementioned project, Audax Renovables currently has 55 MWp under construction in photovoltaic projects plus 66 MW of wind power in Panama, in which it has a 30% stake, and in which 5 of the 20 turbines have already been hoisted.
As usual, and over the coming weeks, the Group will continue to inform the market on a regular basis about the progress of the projects in its portfolio, in order to keep its stakeholders and its investors permanently informed.
These projects are part of the Audax Renovables Group’s firm commitment and strategy to increase its 100% renewable generation portfolio, focusing on increasing its generation portfolio either through organic growth or by closing purchase agreements, with the aim of supplying its customers with renewable energy produced at its own plants.
About Audax Renovables
The Group is the result of a merger by absorption between Audax Renovables, S.A. and its parent company, Audax Energía, S.A., which gave rise to an integrated energy group with 100% renewable generation.
Audax focuses its activities on the generation of 100% renewable energy, as well as the supply of 100% renewable electricity and gas.
Founded in the year 2000, in 2003 Audax Renovables became listed on the secondary market of the Barcelona Stock Exchange, and in 2007 its shares were included in the SIBE (integrated stock exchange system) of the Madrid Stock Exchange. Currently, it is listed on the Spanish Continuous Market under the ticker ADX.MC, and has been incorporated to the IBEX SMALL CAP® index since 23 March 2020.
As a leading utility Group in the SME segment in Spain, Audax Renovables guarantees efficient supply of energy retailed through a process of vertical integration with the renewable energy generation branch, has a robust financial position and is ready to be at the forefront of the energy transition in the European market.
The Group runs a portfolio of operating wind farms of 91 MW in Spain, France and Poland, and 15 MWp of photovoltaic projects in Spain. In addition, it has under construction 66 MW of wind power in Panama as well as 55 MWp in photovoltaic projects, totalling 121 MW under construction, and has a photovoltaic portfolio of 2,271 MWp in various stages of development located in Spain, Portugal and Italy.
Audax Renovables, operating as a 100% renewable energy and gas supplier, is present in Spain, Portugal, Italy, Germany, Poland, the Netherlands and Hungary, with over 540 thousand customers.
For more information visit www.audaxrenovables.com / www.audaxrenovables.es