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Audax Renovables starts up the La Zarzuela photovoltaic plants in Toledo

Audax Renovables, the energy group that integrates the businesses of generation and commercialization of 100% renewable electricity and gas, has obtained from the Provincial Delegation of Sustainable Development of Toledo the exploitation authorization for the entry into operation of the La Zarzuela I, II, III and IV photovoltaic plants, located in the town of Escalonilla, province of Toledo (Castilla La Mancha), with a total power of 20 MWp, also imminently initiating the discharge of energy to the grid.

It so happens that the works had been 100% executed for weeks, but some of the administrative procedures have suffered some delay before the different institutions involved. However, these delays have been able to be solved, waiting for the imminent start-up of the aforementioned facilities.

In this same sense, it should be noted that Las Alberizas I, II, III and IV photovoltaic plants located in the Guadalajareño Municipality of Torija, with an installed capacity 20MWp total, is in a similar situation to the aforementioned project, hoping to also obtain the corresponding exploitation authorization over the next few days, and thus be able to start operations soon. When the company obtains the mandatory operating authorization, it will promptly inform the market of such circumstance.

Additionally, it should be noted that the group continues with the construction and commissioning of the following projects:

Calañas, a project located in the Huelva town of the same name, with a power of 4.48MWp.
Los Arenales, located in the town of Polán, Toledo, with a power of 5 MWp.
El Toconal, located in the town of Navalmorales, Toledo, with a power of 5 MWp.

The construction of the aforementioned projects is proceeding normally, with an average execution of 90% and the Group expects them to be completed and come into operation this year.

All the aforementioned projects have not required third-party financing, but have been financed through green bond issues achieved by Audax at the end of the previous year.

Over the next few weeks, Audax will continue to inform the market on time about the evolution of the progress of the projects that make up its portfolio, with the aim of keeping the market and its investors permanently informed.

These projects are still framed within the strategy of the Audax Renovables Group of increase your 100% renewable generation portfolio, and therefore it is focused on closing other purchase agreements with the aim of supplying its customers with renewable energy produced in its own plants.

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