AUDAX RENOVABLES: GREEN BOND FOR THE CONSTRUCTION OF 40 MW OF PHOTOVOLTAIC

Audax Renovables, a company whose activity is divided between the marketing of electricity and gas and the generation of renewable electricity 100%, has launched its first issue of "green bonds" for an amount equal to 20 million euros.

The operation is part of the MARF fixed income bond program, the Mercado Alternativo de Renta Fija (“MARF Bond Program”), for a maximum nominal amount of 400 million euros that Audax established last July.

The above-mentioned Program allows bond issues to be named and considered as “green bonds”, in accordance with the regulatory framework for the green financing approved last June. A framework that, according to the judgment of Vigeo Eiris – a European rating agency specialized in social and environmental issues – meets the criteria established by the International Capital Market Association (ICMA) and for which it has obtained the highest level of guarantee.

This first issue of “green” bonds – with a two-year maturity – aims to build 8 plants For photovoltaic energy generation. All located in Spain, they are distributed as follows: 4 located near Toledo (La Zarzuela I, La Zarzuela II, La Zarzuela III and La Zarzuela IV) and with a capacity of 5 MW each; 4 more near Guadalajara (Las Alberizas I, Las Alberizas II, Las Alberizas III and Las Alberizas IV), also with capacity of 5 MW each, For a total of 40 MW.

It is important to note that the construction work for the above-mentioned plants will start in the coming weeks, as Audax already has the necessary permits. In total, these photovoltaic parks will generate 65 GWh/year of green energy, an amount equivalent to the annual energy consumption of 19,000 families.

Even in this context, it is clear how much Audax Renovables focuses on the growth of renewable energy production, committing itself to ensure that the investment and development strategy of its business is always in line with the Group's values, which are decidedly oriented towards environmental sustainability.

The transaction described was advised by PKF Attest Servicios Empresariales SL, Banco de Sabadell, SA as paying agent and the Spanish branch of Haitong Bank SA, as Placement agent. Legal advisor was the law firm J&A Garrigues, SLP

This issue has attracted great interest among investors, particularly among those who regularly purchase the company's bonds and among international investors who require a "green" certification on these bonds. This is an important achievement considering that for Audax Renovables, this is the first bond issue that meets the stringent requirements to be classified as "green".