Audax Renovables launches the Carolinas I and II photovoltaic plants

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

Audax Renovables (ADX.MC), the comprehensive energy group with 100% renewable generation, has obtained from the Provincial Delegation of Sustainable Development of Guadalajara the exploitation authorization for the entry into operation of the Carolinas I and II photovoltaic plants in the town from El Casar, province of Guadalajara (Castilla La Mancha), with a total power of 10 MWp, also beginning the discharge of energy to the network. 

It should be noted that the Cañamares photovoltaic plant in the town of Fontanar, province of Guadalajara (Castilla La Mancha), with a power of 5 MWp, has already been operational for a few weeks, thus incorporating the energy produced into the network and increasing the portfolio. of the Group of those plants that are already in operation.

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

Due to the current conditions caused by the COVID-19 pandemic, some of the procedures have suffered some delay before the different institutions. However, these delays have been able to be resolved, implying the effective entry into operation of the aforementioned facilities. 

Additionally, it should be noted that the Group continues with the construction of the following projects:
- La Zarzuela I, II, III and IV, located in the Toledo Municipality of Escalonilla, with a total power of 20MWp.
- Las Alberizas I, II, III and IV located in the Guadalajara Municipality of Torija, with a total power of 20MWp.
- Calañas, a project located in the Huelva town of the same name, with a power of 4.48MWp. 
- Los Arenales, located in the town of Polán, Toledo, with a power of 5 MWp.

The construction of the aforementioned projects is proceeding completely normally, and the Group expects them to be completed and come into operation in the current year.

All of the aforementioned projects mentioned above 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 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 49 MWp in photovoltaic projects, adding a total of 115 MW under construction, and has a photovoltaic portfolio of 2,277 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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