Audax Renovables is awarded the contract to supply 53 million kWh of electricity from renewable 100% sources to the Oviedo City Council
The agreement could amount to 10 million euros to supply electricity to the City Council's more than 1,300 low-voltage supply points.
Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates and supplies 100% electricity of renewable origin and gas to customers in 7 countries, has won the public tender called by the Oviedo City Council to supply electricity to all of its points powered at low voltage.
Audax Renovables has been the energy company that has presented the best proposal for the more than 1,300 low voltage supply points of the Oviedo City Council. This is an agreement that could amount to 10 million euros to supply 53 million kWh of electricity from renewable 100% sources.
The contract has been awarded in the fixed price modality, with the Oviedo City Council ensuring stability in the cost of electricity for the two-year duration of the contract at a time of high volatility in the energy markets.
Oviedo is recognized as one of the cities with the highest quality of life in Europe according to the European Commission and will thus strengthen its commitment to the environment by consuming 100% electricity of renewable origin.
Audax Renovables, a group that focuses its activity on the generation and marketing of renewable 100% energy, has long positioned itself as one of the most active energy operators in Spain, marketing to large consumers in the private sector, public administrations, SMEs, and residential areas. In this sense, the company has recently announced that it will supply 88 million KWh of renewable 100% electrical energy to the Community of Madrid.
About Audax Renewables
Founded in 2000, Audax Renovables is a vertically integrated Spanish energy group that generates and supplies 100% renewable electricity and gas to customers in seven European countries. Currently, it has a portfolio of wind and photovoltaic parks in Spain, Portugal, Italy, France, Poland and Panama in operation, under construction and in different phases of development that amounts to 2,536 MW. In its marketing activity, the group chaired by José Elías Navarro provides renewable energy and gas to more than 518 thousand clients in Spain, Portugal, Italy, Germany, Poland, Holland and Hungary, and leads the SME segment in Spain. 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. In 2021 its turnover reached 1,690 million euros , and has a team of more than 800 professionals.
