Authorization for your project “Los Arenales"

Audax Renovables obtains construction authorization for its “Los Arenales” project

The company obtains administrative and construction authorization for “Los Arenales”, which will allow it to begin construction in the coming weeks.
Audax Renovables (ADX.MC), the energy group that integrates the production and commercialization activities of electricity and renewable 100% gas, continues to promote its production activity through the different production projects that make up its portfolio.
Continuing with the commitment to keep the market permanently informed about the evolution of the status of the projects incorporated in an exercise of permanent transparency, and in relation to the Los Arenales project of which the Group announced its acquisition on January 14th, located in the city of Polán ( province of Toledo) with a capacity of 5 MWp, the Company is pleased to announce that it has obtained prior administrative and construction authorization from the competent authorities.
Once the construction license has been obtained, the Company will immediately initiate the procedures to begin construction, ensuring its monitoring with first-level contractors who meet high quality standards, having an advanced process of negotiating supply and construction contracts under the modality EPC (turnkey) with the company Sequoia Renewables.
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. Additionally, it has 66 MW of wind power under construction in Panama. It also has a portfolio of photovoltaic projects under construction of 60 MWp and has a photovoltaic portfolio of 2,281 MWp in different phases of development located 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 15 TWh supplied in 2020.
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