Spain's Audax acquires 12-MWp solar project in your home

• Spanish renewables and gas firm Audax Renovables SA (BME: ADX) announced on Thursday it has bought a 12.36-MWp solar project in your home from an unrevealed seller.

The gotten system, called Zaratan, has all the needed permits to commence building works in very early 2022. According to the protections declaring, Audax approximates that it will spend around EUR 8 million (USD 9m) in the project.

Situated in a 25-hectares (61.7 acres) location in the town of Cigunuela, Zaratan will be the very first center for the Spanish company in the northwestern region of Castile and Leon.

The solar farm is expected to be up and running in the 3rd quarter of 2022. As soon as online, it must be able to produce sufficient clean electricity to fulfill the energy need of nearly 5,500 households, Audax noted.