The facility in Torija, in the province of Guadalajara, will produce 32 GWh a year, which is equivalent to the amount of energy used by 9,400 households

Audax Renovables (ADX.MC), the energy group whose activities involve generation and retail of 100% renewable electricity, has pushed forward with its energy generation projects by commencing the construction of a 20 MWp power plant in the province of Guadalajara.

Today Audax Renovables commenced the construction of another 20 MW in the photovoltaic plants of Las Alberizas I, II, III and IV located in the municipality of Torija in the province of Guadalajara, which will comprise 59,760 solar panels and will produce 32.44 GWh a year, equivalent to the amount of energy consumed yearly by more than 9,400 households.

The Audax Group remains clearly committed to the construction of renewable energy generation facilities, and this new investment worth over €9 million is the seventh project built by the Group in Castilla-La Mancha.

For several years Audax has been part of the movement of developing renewable energy in order to attain sustainable energy transition, in line with the trend stimulated by the European Union, and with the aim of continuing to create jobs and foster quality growth. A clear example of that is the recent inspection by Audax Renovables of the completion of the construction works of three photovoltaic plants located in the municipalities of Fontanar and El Casar, also in the province of Guadalajara, with a total nominal capacity of 15 MW.

In the construction of these projects Audax Renovables makes sure to work with the best contractors who meet high quality standards, and to that aim has signed an EPC contract with Risen Energy Spain, S.L. (belonging to the Risen Energy Co. Ltd group) and with ImMODO Fotovoltaica, who have designed the power plant and will go on to supervise all the building process.

The construction of the power plant is possible partly due to the first issue of green bonds carried out by Audax Renovables last September for the amount of €20 million. The remaining cost will be financed using internal funds.

This project is in line with the strategy of the Audax Group of increasing the generation portfolio with the aim of supplying energy produced from renewable sources by its own power plants.