Audax begins structure 26 MWp of solar farms in Spain

• Spanish renewable power and gas distributor Audax Renovables SA (BME: ADX) has actually started construction of five solar farms in Guadalajara province, Spain, to install a total of 25.99 MWp across the projects.

The company said that it broke ground on the projects Cuatro Caminos 1, 2, 3 and 4, which will make up a complex of 21.87 MWp. The 5th project will certainly result in a single 4.12-MWp solar farm called El Rebollo.

Audax prepares to spend around EUR 16 million (USD 17. m) in the Cuatro Caminos complex and some EUR 2.6 million in El Rebollo. Today, the company is negotiating to secure non-recourse financing for all 5 projects, it stated.

Building and construction of the plants will certainly take about a year as there is going to be a biological rest period in between March as well as June, Audax included.