Our future? It depends on the energy transition*

Among the words that have made their way over the last five years, it is difficult not to mention "transition".

"Transition", that is, the period necessary if you want to profoundly change a situation without this leading to a radical change and uncertain outcomes, that is, to a "revolution". Each Transition is made up of a succession of a series of phenomena - very specific - which, intervening in and on everyday reality, modify it to the point of giving rise to something different from the starting point. "Transition" towards a sustainable, decarbonized and circular economy, but also "digital transition" and "energy transition".

And it is precisely this latter, essential for the very life of our societies, that requires changes as decisive as they are tolerable by the entire system. A decarbonized world is achieved by building the conditions so that clean and renewable sources - sun, wind first and foremost - are able to provide, in complete safety and continuity, what is necessary for the development and well-being of people.

In this sense, the strategic choices of the Audax Renovables Group are closely linked to the concept of energy “transition” as a necessary moment of transition to be prepared for the complete elimination of fossil fuels. And the results, not only economic and financial, demonstrate that the choice to focus on renewable energy has been far-sighted and successful. Both in the past and in this 2022, a doubly difficult year because it is the first post-pandemic (thanks to the repeated vaccination campaigns that have allowed a resumption of activities) and because it is deeply marked by the Russian aggression against Ukraine, with its serious consequences on the stability of the energy market, particularly the European one.

So, what is Audax Renovables' contribution to the Transition? Our Group markets and produces 100% renewable electricity thanks to the growing amount of green energy generated in photovoltaic and wind farms around the world and through major agreements for the purchase of clean energy and CO2-free gas.

Now let's look at some data. In 2022 - data as of September - 226 MW of installed power were in operation (+55%), for an increase of 98% of the energy produced. A remarkable result. Even considering the projects already started - in various stages of development, from early stage to operation - MW rises to over 2,500.

A portfolio that includes wind and photovoltaic parks present in European countries such as Spain, Portugal, France, Poland and Italy and overseas nations such as Panama.

Just looking at these months, you can find two important photovoltaic projects, both developed in Spain. The first, Zaratán, with a total power of 12.3 MWp, will be able to generate 21.5 GWh/year, which is equivalent to the energy consumption of 5,500 homes and about 17,000 people. On demand, clean energy will avoid the emission into the atmosphere of 3,800 tons of CO2 per year. The second, called La Miranda, will have a total power of 6.87 MWp, or 12.2 GWh/year, equivalent to the energy consumption of 3,500 homes and more than 11,000 people. The use of this clean energy will avoid the emission into the atmosphere of 2,500 tons of CO2 per year.

Added to all this are the brilliant economic and financial results recorded in recent years. In 2021, revenues amounted to 1,690 million euros, EBITDA was 52 million, while the net result brought in 2.8 million euros.

The future, which passes through the energy transition and a decarbonized economy, can only tend towards green energy sources.

We believe that only by continuing on this courageous path will it be possible not only to overcome this long critical period but also to move towards a more sustainable future.

* This text, here in dual language Italian-Spanish, was read during the XVI edition of the Awards that the Official Chamber of Commerce of Spain in Italy dedicates to the Spanish and Italian companies that have distinguished themselves in the consolidation of economic and commercial relations between the two countries. Audax Renewables, with the entire Audax Renovables Group, has been awarded the “Energy Transition” recognition.

__________

Our future? Pass through the energy transition

The contribution of the Audax Renovables Group to a decarbonised economy

Among the words that have found fortune in the last five years, it is difficult not to mention "transition".

"Transition", it is to decide at that necessary period if you want to profoundly change a situation until it leads to a radical change and uncertain results, it is to say, a "revolution". Each transition is made through the succession of a series of phenomena – very concrete – which, by intervening in and over the daily reality, modify it until the point of giving rise to something different from the point of departure. “Transición” has a sustainable, decarbonised and circular economy, but also “digital transition” and “energy transition”.

And it is precisely this last, substantial one for the life of our societies, requiring changes as decisive as tolerable by the entire system. A decarbonized world is achieved by building the conditions so that clean and renewable sources - only, as they come in the first place - are capable of providing with total safety and continuity what is necessary for the well-being and well-being of people.

In this sense, the strategic elections of the Audax Renovables Group are intimately linked to the concept of energy “transition” as the moment of transition necessary to be prepared for the total elimination of fossil fuels. And the results, not only economic and financial, show that the decision to focus on renewable energy was prospective and successful. Both in the past and in this 2022, a doubly difficult year because it is the first post-pandemic (thanks to the repeated vacancy campaigns that have allowed a resumption of activities) and because it is marked by the Russian aggression in Ukraine, with its serious consequences on the stability of the energy market, especially European.

First of all, what is the contribution of Audax Renovables to the Transition? Our group markets and produces 100% renewable electricity thanks to the growing quantity of renewable energy generated by photovoltaic and wind plants throughout the world and has made important efforts to purchase renewable energy and CO2 free gas.

Now let's see some data. In 2022 - given in September - 226 MW of installed power will be operational (+55%), for an increase of 98% in energy generated. A detachable result. Today we consider the projects that you have started - at different stages of development, early stage until operation - the MW rise to more than 2,500.

A list of wind and photovoltaic parks present in European countries such as Spain, Portugal, France, Poland and Italy and Americans such as Panama.

By just observing these months you will find two important photovoltaic projects, the two developed in Spain. First, Zaratán, with its total power of 12.3 MWp, will be able to generate 21.5 GWh/year, which is equivalent to the energy consumption of 5,500 people and 17,000 people. Below, clean energy will prevent the emission of 3,800 tons of CO2 per year into the atmosphere. The second, called La Miranda, will have a total power of 6.87 MWp, i.e. 12.2 GWh/year, equivalent to the energy consumption of 3,500 lives and more than 11,000 people. Our clean energy cargo will avoid the emission of 2,500 tons of CO2 per year into the atmosphere.

In all this, there are the brilliant economic and financial results recorded during these years. In 2021, revenue rose to 1,690 million euros, EBITDA was 52 million, while the net result rose to 2.8 million euros.

The future, which passes through the energy transition and a decarbonized economy, can only tend towards green energy sources.

We believe that only by continuing along this valiant path will it be possible not only to overcome this long critical period but also to advance towards a more sustainable future.