Audax obtains start-up certificate for Cañamar
Continuing its strategy of focusing on generation activity, the company will begin operations at the Cañamares photovoltaic plant in Castilla-La Mancha, with the commission certificate
Audax Renovables (ADX.MC), the energy group that integrates the production and commercialization activities of 100% renewable electricity and gas, obtained from the Provincial Delegation for Sustainable Development of Guadalajara the operating authorization for the entry into operation of the Cañamares photovoltaic plant in the locality of Fontanar, province of Guadalajara (Castilla La Mancha), with a power of 5 MWp.
Due to the current conditions caused by the COVID-19 pandemic, the Audax Group has seen how some of the procedures have been delayed by different institutions. However, these delays have been resolved, which implies an imminent entry into operation of the aforementioned installation.
Furthermore, it should be noted that the Carolinas I and II photovoltaic plants, with a total of 10 MWp, both located in the municipality of El Casar (Guadalajara, Castilla-La Mancha), are about to complete the start-up procedures and will soon announce its start of operation.
Both the Cañamares project and the Carolinas I and II photovoltaic plants will sell energy under a PPA contract to their parent company, Audax Renovables.
The aforementioned projects did not require third-party financing, but were financed through green bond issues obtained by the Group at the end of the previous year.
In the coming weeks, the Group will continue to regularly inform the market about the progress of the projects in its portfolio, in order to keep the market and its investors permanently informed.
These projects are part of the Audax Renovables Group's strategy to increase its 100% renewable generation portfolio, and is therefore focused on closing other purchase agreements with the aim of supplying its customers with renewable energy produced in its own facilities.
About Audax Renovables
The Group is the result of the absorption merger between Audax Renovables, SA and its parent company, Audax Energia, SA, giving rise to an energy group whose activities are centered on the production of 100% renewable energy, as well as the supply of electricity and 100% renewable gas.
Founded in 2000, in 2003 Audax Renovables was listed on the secondary market of the Barcelona Stock Exchange and in 2007 it was included in the SIBE of the Madrid Stock Exchange. It is currently listed on the Spanish Continuous Market under the ticker ADX.MC, having joined the IBEX SMALL CAP® index on March 23, 2020.
We are the leading group in the SME segment in Spain, guaranteeing an efficient supply of energy sold through a process of vertical integration with renewable generation activity, with a solid financial position, and prepared to lead the energy transition in the European market.
The Group manages a portfolio of generation projects in operation of 91 MW in wind farms in Spain, France and Poland, and 15 MWp in photovoltaics in Spain. Additionally, it has 66 MW of wind power under construction in Panama. It also has 44 MWp of photovoltaic projects under construction and a photovoltaic portfolio of 2,282 MWp in different stages of development in Spain, Portugal and Italy.
Audax Renovables, in its activity of commercializing electricity and renewable 100% gas, is present in Spain, Portugal, Italy, Germany, Poland, the Netherlands and Hungary, with more than 515 thousand customers and 10.5 TWh supplied in 2020.
For more information visit www.audaxrenovables.com / www.audaxrenovables.es