Audax Renovables will supply 100% renewable electricity to the Adeje City Council

The town hall of Adeje (Santa Cruz de Tenerife) will enjoy green 100% energy thanks to Audax


Audax Renovables (ADX.MC), the energy group that integrates the businesses of generation and commercialization of renewable 100% electricity and commercialization of gas, has won the public tender called by the Adeje City Council to supply all of the municipality's electricity for a volume greater than 34,000,000 KWh per year.

The supply of electricity, which will come from renewable 100% sources, will begin on May 1, 2021, and will last 18 months, with the contract amount exceeding 5,000,000 euros. 

Seven energy companies participated in the tender, including Endesa, Iberdrola and Nexus, but Audax was the best valued in its overall proposal and consequently it was awarded the contract, thus reinforcing its position in energy supply to the public sector.

The Adeje City Council is an important municipality on the island of Tenerife and has the main concentration of 5-star hotels in Europe, among which stands out what is considered the best luxury hotel in Spain according to the World Travel Awards.

Audax Renovables, a group that focuses its activity on the generation and marketing of renewable 100% energy, has long positioned itself as one of the most active energy operators in Spain. In addition to the large volume of electricity sold to large private sector consumers, recently awarded public contracts are added.

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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