Audax Renovables obtains the commissioning certificate for the Cañamares photovoltaic plant

Continuing with its strategy of focusing on generation activity, the company will begin, with the commissioning certificate obtained, the operations of the Cañamares photovoltaic plant in Castilla-La Mancha

Audax Renovables (ADX.MC), the energy group that integrates the businesses of generation and marketing of renewable 100% electricity and gas, has obtained operating authorization from the Provincial Delegation of Sustainable Development of Guadalajara for the entry into operation of the Cañamares photovoltaic plant in the town 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 suffered delays before the different institutions. However, these delays have been resolved, which implies an imminent entry into operation of the aforementioned facility.

Additionally, it should be noted that for the Carolinas I and II photovoltaic plants of 10 MWp in total, both located in the municipality of El Casar (Guadalajara, Castilla-La Mancha), the start-up procedures are just being finalized, so The start of operations will be announced shortly.

Both the Cañamares project and the Carolinas I and II photovoltaic plants will sell the energy under a PPA contract to their parent company, that is, Audax Renovables.

The aforementioned projects have not required financing from third parties, but have been financed through the issuance of green bonds obtained by the Group at the end of the previous year.

Over the coming weeks, the Group will continue to promptly inform the market about the evolution of the progress of the projects that make up its portfolio, with the aim of keeping the market and its investors permanently informed.

These projects continue to be framed within the Audax Renovables Group's strategy of increasing its 100% renewable generation portfolio, and therefore it is focused on closing other purchase agreements with the aim of supplying its clients with renewable energy produced in their own floors.

About Audax Renewables

The Group is the result of the merger by absorption between Audax Renovables, SA and its parent company, Audax Energía, SA, giving rise to an energy group whose activities focus on the production of renewable energy 100%, as well as the supply of electricity 100% renewable and gas.

Founded in the year 2000, in 2003 Audax Renovables began to be listed on the secondary market of the Barcelona Stock Exchange and in 2007 it was listed on the SIBE of the Madrid Stock Exchange. Currently, it is listed on the Spanish Continuous Market under the name (ticker) ADX.MC, having been incorporated into the IBEX SMALL CAP® index on March 23, 2020.

We are the leading energy group in the SME segment in Spain, guaranteeing an efficient supply of marketed energy 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 photovoltaic in Spain. Additionally, it has 66 MW of wind power under construction in Panama. Likewise, it has a portfolio of photovoltaic projects under construction of 44 MWp and has a photovoltaic portfolio of 2,282 MWp in different phases of development located in Spain, Portugal and Italy.

Audax Renovables, in its activity of marketing renewable 100% electricity and gas, is present in Spain, Portugal, Italy, Germany, Poland, Holland and Hungary, adding more than 515 thousand customers and 10.5 TWh supplied in 2020.

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