Audax Renovables begins the construction of 22 MWp of its solar generation portfolio
- With an investment of approximately 16 million euros, the Cuatro Caminos 1, Cuatro Caminos 2, Cuatro Caminos 3 and Cuatro Caminos 4 projects will have a total power of 21.87 MWp
- The future projects are located in the municipality of Cabanillas del Campo, province of Guadalajara.
DECEMBER 28, 2022.– Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates and supplies 100% renewable electricity and gas to customers in 7 countries, has announced the start of construction of four photovoltaic projects located in the municipality Cabanillas del Campo, in the province of Guadalajara, which will add a total power of 21.87 MWp.
In line with its strategy of continuing to boost its generation activity through the different projects that make up its portfolio, Audax plans to invest approximately 16 million euros in its construction.
The project will have 39,489 550 Wp modules with 1-axis Tier-1 category tracker, which will generate 40.5 GWh/year, the equivalent of the energy consumption of almost 11,500 homes and around 36,000 people. Its commitment to clean energy will prevent the emission into the atmosphere of some 8,250 tons of CO2 per year.
Said facility will be connected to the Cabanillas del Campo Substation and with its own evacuation line of just over 5 kilometers, estimating that the construction period will be approximately 1 year since it contemplates a biological shutdown for the period from March to June. The company ensures the monitoring of the works with top-level contractors that meet high quality standards under the EPC (turnkey) contract modality.
For the construction of the aforementioned projects, the Group is at a very advanced stage in the negotiations to obtain adequate financing. Financing that will be without recourse, following the same structure as in other previous projects in the generation portfolio.
Audax currently has 226 MW of power already installed and 19.2 MWp in the commissioning phase, related to the La Miranda and Zaratán 1 and 2 photovoltaic projects.
These projects are part of the firm commitment and strategy of the Audax Group to increase its 100% renewable generation portfolio by increasing its generation portfolio, either through organic growth or by closing purchase agreements, with the aim of supplying its customers renewable energy produced in their own plants.
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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 farms in Spain, Portugal, Italy, France, Poland and Panama in operation, under construction and in different stages of development, amounting to 2,536 MW. In its marketing activity, the group chaired by José Elías Navarro supplies renewable energy and gas to more than 396,000 customers in Spain, Portugal, Italy, Germany, Poland, the Netherlands and Hungary, and leads the SME segment in Spain. Audax began trading on the Spanish secondary market in 2003, and in 2007 made the leap to the continuous market, where it became part of the IBEX SMALL CAP ® index in March 2020. In the first 9 months of 2022, its turnover reached 2,033 million euros, and has a team of more than 800 professionals