ADX Renovables has been awarded the contract to supply 1.6 million kWh of electricity to Lanzarote's Art, Culture and Tourism Centers.
▪ The annual value of the contract amounts to 216,902.57 euros (VAT not included)
March 17, 2025.– Adx Renewables, Audax Renovables Group's marketing company has won the public tender launched by the Lanzarote Art, Culture and Tourism Centers to supply electricity to all of its high- and low-voltage supply points.
ADX Renovables was the energy company that submitted the best proposal, beating out other operators such as Iberdrola, for nine low-voltage supply points at the Lanzarote Art, Culture and Tourism Centers. The annual contract value was €216,902.57 (VAT not included).
Through this agreement, ADX Renovables will supply 1.6 GWh/year of energy at a fixed price for one year with the possibility of extending it for another year. This will ensure the Lanzarote Art, Culture and Tourism Centres have a stable electricity budget and allow them to adjust their prices without any surprises, regardless of any changes in the futures market for the entire duration of the contract and any possible extensions.
Marc Blasi, Country Manager of Audax Renovables in Spain, notes: “The fixed-price model allows the administration to protect itself against energy market volatility, ensuring budgetary stability and predictable management.”
About Audax Renewables
Founded in 2000, Audax Renovables is a vertically integrated energy group that generates 100 % renewable energy and supplies electricity and gas, with a presence in 9 countries.
The group currently has a portfolio of wind and photovoltaic parks in Spain, Portugal, Italy, France, Poland and Panama in operation, under construction and in different stages of development, totalling 1 GW. In its marketing activity, the group headed by José Elías Navarro supplies electricity and gas to more than 436,000 customers in Spain, Portugal, Italy, Germany, Poland, the Netherlands and Hungary.
Audax began trading on the Spanish secondary market in 2003, and in 2007 it made the leap to the continuous market, where it became part of the IBEX SMALL CAP® index in March 2020.
At the end of 2024, its market capitalisation exceeds 730 million euros, and it has a team of nearly 800 professionals.
