AUDAX RENOVABLES OBTAINS CONSTRUCTION AUTHORIZATION FOR LOS ARENALES PROJECT
The company obtains the administrative and construction authorization for Los Arenales, which allows it to start construction in the coming weeks.
Audax Renovables (ADX.MC), the energy group that integrates the businesses of generation and supplying of 100% renewable electricity and gas, 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 Los Arenales project, of which the Group reported its acquisition on 14th January, located in the town of Polán (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.
Once the construction licence has been obtained, the company will immediately start the procedures to begin construction, ensuring that it is accompanied by first-class contractors that meet high quality standards, with the supply and construction contracts under the EPC (turnkey) modality with Sequoia Renewables at an advanced stage of closing.
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 still framed within the Audax Renovables Group’s strategy to increase its 100% renewable generation portfolio, and therefore it is focused on closing other purchase agreements with the aim of supplying its customers with renewable energy produced in their own facilities.
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 energy group whose business involves generating 100% renewable energy as well as supplying 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. Additionally, the Group has a wind project under construction in Panama, of 66 MW. Moreover, It also has a portfolio of 60 MWp photovoltaic projects under construction and a 2,281 MWp photovoltaic portfolio in different phases 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 515 thousand customers and 15 TWh supplied in 2020.