Audax Renovables invests 4.3 million euros in the construction of a new photovoltaic project in Fontanar, Guadalajara
La Miranda will have a total power of 6.87 MWp and will be connected to the Fontanar Substation with its own evacuation line of just over 700 meters, estimating that the construction period will be approximately 6 months.
Audax Renovables (ADX.MC), a vertically integrated Spanish energy group that generates and supplies renewable 100% electricity and gas with a presence in 9 countries, begins construction of its photovoltaic project, La Miranda, located in the municipality of Fontanar, in the province of Guadalajara, which will have a total power of 6.87 MWp. In the aforementioned municipality, the Group already built its first photovoltaic plant, Cañamares, in fiscal year 2020, which is fully operational and with a performance above expectations.
In line with its strategy of continuing to promote its generation activity through the different projects that make up its portfolio, Audax plans to invest approximately 4.3 million euros in the construction of the La Miranda project.
The project will have 12,490 550 Wp modules with a Tier-1 category 1-axis tracker, which will generate 12.2 GWh/year, the equivalent of the energy consumption of almost 3,500 homes and around 11,000 people. Its commitment to clean energy will prevent the emission of around 2,500 tons of CO2 per year into the atmosphere.
This facility will be connected to the Fontanar Substation with its own evacuation line of just over 700 meters, estimating that the construction period will be approximately 6 months. The company ensures the accompaniment of the works with top-level contractors that meet high quality standards.
Audax currently has 226 MW of installed power, 150% more than in 2020, including the Toabré wind farm project in Panama, which is producing in its final testing phase.
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.
About Audax Renewables
Founded in 2000, Audax Renovables is a vertically integrated Spanish energy group that generates and supplies renewable 100% electricity and gas to customers in seven European countries. Currently, it has a portfolio of wind and photovoltaic parks in Spain, Portugal, Italy, France, Poland and Panama in operation, under construction and in different phases of development that amounts to 2,536 MW. In its marketing activity, the group chaired by José Elías Navarro provides renewable energy and gas to more than 518 thousand clients in Spain, Portugal, Italy, Germany, Poland, Holland and Hungary, and leads the SME segment in Spain. Audax began trading on the Spanish secondary market in 2003, and in 2007 it made the leap to the continuous market, where it became part of the IBEX SMALL CAP ® index in March 2020. In 2021 its turnover reached 1,690 million euros , and has a team of more than 800 professionals.
For more information, visit www.audaxrenovables.com.
