FOR COMMISSIONING THE CAÑAMARES PHOTOVOLTAIC POWER PLANT
The company received the green light for the launch of the Cañamares photovoltaic power plant, located in Castile-La Mancha and built as part of the implementation of the strategy assuming the Group's development to be based on energy production
Audax Renovables (ADX.MC), an energy group that both produces and sells 100%'s renewable energy and gas, has been granted a license by the Guadalajara Regional Commission for Sustainable Development to operate a photovoltaic power plant in Cañamares, located in Fontanar in the province of Guadalajara (autonomous community of Castile-La Mancha). The power of the power plant is 5 MWp.
Due to the COVID-19 pandemic, the waiting time for the finalization of certain procedures before the competent authorities has been extended. However, in the end all formalities were completed, which means that the power plant will be able to start production soon.
In addition, it is worth noting that the formalities related to the launch of energy production in the Carolinas I and II photovoltaic power plants, with a total capacity of 10 MWp, located in El Casar (Guadalajara, Castile-La Mancha) are also nearing completion. The start-up date of the power plant will be announced soon.
The energy produced by both the Cañamares power plant and the Carolinas I and II solar installations will be sold under a PPA to the parent company, Audax Renovables.
These power plants did not require third party financing. Their construction was possible thanks to the issue of green bonds carried out by the Group at the end of last year.
In the coming weeks, Audax will continue to provide regular updates on the progress of work on the power plants it has in its portfolio. It is important for the Group that all stakeholders and investors can easily get acquainted with the news concerning it.
These installations are part of the strategy of the Audax Renovables Group, which is designed to increase the production of energy from RES in 100%. The Group is currently finalizing other contracts aimed at providing customers with energy from renewable sources produced in the Group's power plants.
