Audax Renovables reaches an agreement with the Sidecu Group to supply 100% electricity of renewable origin
The company will supply 20,000,000 kWh annually so that 250,000 people can carry out their leisure and sports activities in the 32 fitness centers of the Sidecu Group spread throughout Spain.
Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates and supplies 100% electricity from renewable sources and gas to customers in 7 countries, will supply 20,000,000 kWh per year of 100% electricity from renewable sources to the Supera and Supera sports centers 24 hours from the Sidecu Group, leader in the fitness sector. An essential supply so that the 32 sports centers spread throughout Spain can carry out their activity for their more than 250,000 users.
This is an agreement that combines a product indexed to the spot market with a long-term PPA (Power Purchase Agreement) and that reinforces the renewable commitment of the Sidecu Group, whose sustainable strategy is strengthened by allying with Audax Renovables, energy generator and marketer 100% of renewable origin.
Given the current volatile situation in the energy markets, more and more large electricity consumers are betting on long-term agreements. These agreements offer consumers energy stability for years to come.
Audax Renovables has a long history as one of the most active energy operators in Spain, marketing to large consumers in the private sector, public administrations, SMEs, and residential areas.
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.
