Audax Renovables begins work on its El Toconal project

The company obtains administrative and construction authorization from El Toconal, which allows it to begin construction immediately.

Audax Renovables (ADX.MC), the comprehensive energy group with 100% renewable generation, continues to promote its generation activity through the different generation projects that make up its portfolio. 

Continuing with the commitment to keep the market permanently informed about the progress of the status of the projects incorporated in a continuous transparency exercise, and in relation to the El Toconal project, located in the town of Los Navalmorales (province of Toledo) with a power of 5 MWp, the Company is pleased to announce the obtaining of prior administrative and construction authorization from the competent authorities.

Once the construction license has been obtained, the Company plans to begin construction next week, ensuring its support with top-level contractors that meet high quality standards, under the EPC (turnkey) modality.

With this authorization for the construction of the aforementioned project, Audax Renovables currently has 55 MWp in photovoltaic projects under construction plus the 66 MW of wind power in Panama in which it participates in a 30% and in which 5 of the 20 turbines have already been raised. they make up.

As usual, and over the next few weeks, the Group will continue to promptly inform the market about the evolution of the progress of the projects that make up its portfolio, in order to keep the market and its investors permanently informed.

These projects continue to be framed within the Audax Renovables Group's determined commitment and strategy to increase its 100% renewable generation portfolio, being focused on increasing its generation portfolio portfolio either through organic growth or by closing purchase agreements, with the objective of supplying its clients with energy of renewable origin produced in its own plants.

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 a comprehensive energy group with 100% renewable generation.

Audax focuses its activities on the generation of renewable 100% energy, as well as the supply of renewable 100% electricity 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 as well as 55 MWp in photovoltaic projects, adding a total of 121 MW under construction, and has a photovoltaic portfolio of 2,271 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 540 thousand clients.

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