Audax Renovables obtains construction authorization for its Los Arenales project

The company obtains administrative and construction authorization from Los Arenales, which allows it to begin construction in the coming weeks.

Audax Renovables (ADX.MC), the energy group that integrates the generation and marketing of renewable 100% electricity and gas, 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 Los Arenales project of which the Group reported its acquisition on January 14, located in the town of Polán (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 will immediately begin the procedures to proceed with the start of construction, ensuring its support with top-level contractors who meet high quality standards, having the supply contracts in an advanced process of closing. and construction under the EPC (turnkey) modality with the company Sequoia Renewables.

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 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 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 2000, in 2003 Audax Renovables began trading on the secondary market of the Barcelona Stock Exchange and in 2007 its listing was included in 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 energy marketed 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. Additionally, it has 66 MW of wind power under construction in Panama. Likewise, it has a portfolio of photovoltaic projects under construction of 60 MWp and has a photovoltaic portfolio of 2,281 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 15 TWh supplied in 2020.

For more information, visit www.audaxrenovables.com