Audax Renovables, whose activity focuses on the commercialization and generation of 100% renewable electricity, has incorporated a portfolio of photovoltaic projects for 320 MW for its development and start-up, 60 MW of which are in a very advanced phase.
Audax Renovables intends to increase its generation portfolio in order to supply its customers with renewable energy produced in its own plants, has added to its portfolio photovoltaic projects located in Andalusia, Castilla la Mancha and Murcia regions in Spain. The company plans to develop and commission these 320 MW projects in the coming months. An official report collected by Energía Limpia XXI points out that in the last General Shareholders' Meeting, the company presented the main lines of action for 2022 that will help the company to remain as the 1st independent trader in the SME segment of the Spanish market, cover 2/3 of the energy supplied to its customers with PPAs, based on an asset rotation policy, and replicating the growth model in international business. The report also announced the BBB-rating with a stable trend.
The portfolio, once operational, will be able to generate up to 600 GWh of electricity per year, it is an equivalent to the yearly consumption of more than 175,000 households.
Country updates
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May 07, 2019
Financial close for 300 MW solar project in Spain
Ellomay Capital Ltd., a renewable energy and power generator and developer of renewable energy and power projects in Europe and Israel, has announced the financial closing of the project finance obtai...
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May 06, 2019
Ellomay agrees to sell 49% stakes in Talasol solar project to Capital Dynamics, Fond-ICO Infraestructuras II
Ellomay Capital Ltd has agreed to sell its 49% stakes in the 300 MWp Talasol solar project in Spain to a Capital Dynamics vehicle and Fond-ICO Infraestructuras II, FICC. The solar park, loc...
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April 26, 2019
95 MW of wind projects get permit from Canary Islands council
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April 22, 2019
GE Renewables signs turbine supply for 342 MW Spanish wind project
GE Renewable Energy has been selected as the technology provider for the Phoenix onshore wind project in Aragón Spain. The 342 MW project will be developed by Mirova, ENGIE and Forestalia and w...
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April 17, 2019
Marguerite closes an additional 50 MWp Solar PV deal with OPDEnergy
Marguerite, a leading European infrastructure fund, has acquired an 80% stake from Spanish developer OPDEnergy in a ready-to build solar PV plant with a total capacity of 50MWp located in Alcalá...
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