Audax Renovables SA, the Spanish energy frontrunner, has clinched a landmark contract to deliver 100% renewable electricity to the esteemed City Council of Malaga, situated in southern Spain, along with four associated entities, including the iconic birthplace of renowned artist Pablo Picasso.
In a resounding victory, Audax emerged triumphant in a fiercely competitive bidding process, outshining prominent Spanish utility giants with its compelling proposition. The contract, valued at over EUR 7 million (USD 7.5 million) excluding value-added tax, underscores Audax's commitment to spearheading the transition towards sustainable energy solutions.
Under the terms of the agreement, Audax pledges to supply an impressive 41.9 gigawatt-hours (GWh) of renewable power annually to an illustrious roster of entities, comprising the Malaga City Council, the Municipal Housing Institute, the Municipal Institute for Training and Employment, the Municipal Water Company of Malaga, and the esteemed Pablo Picasso Birthplace Museum.
In a statement elucidating the significance of the contract, Audax emphasized its dedication to fostering a greener, more sustainable energy ecosystem while delivering tangible benefits to its esteemed clientele. “This prestigious contract underscores Audax's unwavering commitment to driving the adoption of renewable energy solutions, thereby propelling our collective journey towards a cleaner, more sustainable future,” remarked a spokesperson from Audax.
Central to the contract's appeal is the provision for adjusting electricity costs based on wholesale market prices, thereby circumventing additional expenses associated with market premiums. This innovative pricing mechanism underscores Audax's emphasis on transparency and cost-efficiency, further solidifying its position as a trailblazer in the renewable energy domain.
