The Cuatro Caminos 1, Cuatro Caminos 2, Cuatro Caminos 3 and Cuatro Caminos 4 power plants will have a total capacity of 21.87 MW, and the value of the investment will amount to approx. EUR 16 million

The installations will be located in the municipality of Cabanillas del Campo in the province of Guadalajara.

DECEMBER 28, 2022 - Audax Renovables (ADX.MC) - a Spanish vertically integrated energy group that produces and supplies 100% renewable electricity and gas to customers in seven countries - announced the start of construction of four photovoltaic power plants located in the municipality of Cabanillas del Campo in the province of Guadalajara. Their total capacity will be 21.87 MW.

In line with its strategy of expanding its manufacturing activities by adding numerous new power plants to its portfolio, Audax intends to invest approximately €16 million.

The power plant will be equipped with 39,489 modules with a power of 550 W with a single-axis Tier-1 solar tracker, which will generate 40.5 GWh of electricity per year. This corresponds to the needs of almost 11,500 households and about 36,000 people. Thanks to the fact that it will be clean energy, approximately 8,250 t of CO2 will be avoided annually.

The installation will be connected to the Cabanillas del Campo substation and equipped with its own power line of just over 5 km. Construction is estimated to take about a year, as work will have to be interrupted between March and June for environmental reasons. The works will be carried out by renowned contractors, guaranteeing the highest quality standards, and after the works are completed, the investment will be handed over in a turnkey condition (EPC).

Negotiations regarding obtaining financing necessary for the construction of the power plant are at a very advanced stage. It will be non-recourse financing, on the same terms as in the case of previously built power plants already in the Group's portfolio.

Audax currently has already operating power plants with a total capacity of 226 MW. Installations with a capacity of 19.2 MW are in the commissioning phase - these are the photovoltaic power plants La Miranda and Zaratán 1 and 2.

The construction of these power plants is part of the strategy of the Audax Group, which aims to increase the portfolio of 100% renewable installations owned - either through organic growth or by concluding sales contracts. All this to be able to provide customers with electricity from RES from the Group's own power plants.