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Badalona 24, November - Audax Renewables<\/strong>, the Spanish group dedicated to the marketing of electricity and gas and the generation of renewable electricity 100%, has closed a purchase and sale agreement through which it sells the shares and other assets of the company Parque E\u00f3lico Hinojal SLU. The sale concerns a wind energy generation project to be built in the Cadiz area and with an installed capacity of 36 MW.<\/p>\n <\/p>\n This operation is part of the Group's debt reduction policy and is in line with the asset turnover strategy<\/strong> initiated by the company and with what was presented during the Investor Day, last May. Following this strategic direction, in the current financial year, the Group has managed to reduce its financial debt by 25%; a result that goes in the direction of bringing the DFN\/EBITDA ratio to 1.5 at the end of 2022.<\/p>\n <\/p>\n At the same time, the Audax Group continues to develop individual projects<\/strong> of recently acquired photovoltaic solar for a total of 320 MW; of these 60 MW are already at an advanced stage, ready for the construction phase. Once operational, they will be able to provide renewable electricity for 600 GWh per year to over 175 thousand families.<\/p>\n <\/p>\n The growing trend of its activities, both in Spain and internationally, the high cash flow and the increase in margins as well as the aforementioned asset turnover become levers that the Audax Group uses to achieve its good results. The increase in margin is being achieved, for the most part, thanks to the long-term PPA agreements for the purchase of energy at more competitive prices \u2013 compared to those of the market \u2013 that the Company is signing with other entities. But also thanks to the generation of renewable energy from its own plants. This allows Audax to consolidate its position as the fourth energy supplier of Spanish SMEs.<\/p>\n <\/p>\n Audax Renovables also has increased EBITDA<\/strong> of the 71,5%<\/strong> compared to the same period in 2018, a trend that is expected to remain the same until the end of this financial year. EBITDA reached the figure of 58.2 million euros<\/strong>, thus exceeding the 53 million euros achieved throughout last year.<\/p>\n <\/p>\n Meanwhile, the Audax Group continues on its growth path. The strategic objectives at 2022<\/strong> are: to grow from 305,000 to over 500,000 customers, to provide more than 15 TWh of energy, to reach 1,500 million euros in revenue and exceed 100 million euros in EBITDA and, at the same time, to reduce the debt ratio. The aim is to optimize the Group's resources in order to create value for shareholders.<\/p>","protected":false},"excerpt":{"rendered":" AUDAX RENOVABLES CONSOLIDATES ITS ASSET TURNOVER Badalona 24, November - Audax Renovables, the Spanish group dedicated to the marketing of electricity and gas and the generation of renewable electricity, has closed a purchase and sale agreement through which it sells the shares and assets of the company Parque E\u00f3lico Hinojal SLU. The sale concerns [\u2026]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1080","post","type-post","status-publish","format-standard","hentry","category-sin-categoria"],"yoast_head":"\n