Financial News: Audax Renovables SA

Overview of Audax Renovables SA

Audax Renovables SA, previously known as Fersa Energias Renovables SA, is a Spain-based holding company primarily engaged in the promotion and development of renewable energy projects. The company generates electricity from renewable sources, predominantly wind energy, with some involvement in solar energy. As of the latest data, Audax Renovables SA has an installed power capacity of 139.3 Megawatts (MW) in Spain and 12 MW in France. Additionally, the company operates two wind farms in India, Gadaj and Hanumanhati, with a combined installed capacity of 81.6 MW. The company operates through its subsidiaries in Spain, France, and India, including Eolica El Pedregoso SL, Eolica del Pino SL, Parque Eolica Hinojal SL, Gestora Fotovoltaica de Castellon SL, Parc Eolic Mudefer SL, Eolinnes de Beausemblant SAS, Generacion Eolica India Limited, and EN Renewable Energy Limited.

Financial Highlights

  • Primary Exchange: Bolsa De Madrid
  • Currency: EUR
  • Close Price (2025-08-21): 1.422 EUR
  • 52 Weeks High (2024-10-01): 1.96 EUR
  • 52 Weeks Low (2025-04-06): 1.3 EUR
  • Market Cap: 622,110,000 EUR
  • Price Earnings Ratio: 10.74

Recent Developments

On August 25, 2025, significant news emerged concerning Audax Renovables SA’s involvement in offshore energy exploration. The Italian Ministry for the Environment and Energy Security officially approved a new gas drilling license, C.R.150.AU, for ADX Energy Ltd. This license allows the company to explore a 346 km² area offshore Sizilien (Sicily) for natural gas. The area is considered highly promising due to historical data suggesting the likelihood of gas discoveries in shallow waters and at low drilling depths.

ADX Energy Ltd., through its 100% subsidiary AUDAX Energy S.r.l., is the sole licensee for this area. The approval marks a strategic expansion for ADX Energy into the Italian market, driven by the growing importance of energy security and the demand for clean natural gas. The company’s executive chairman, Ian Tchacos, views this as a promising venture, while CEO Paul Fink acknowledges the successful navigation of stringent Italian regulatory processes. Recent gas discoveries by ENI in the vicinity have further opened the Sizilien Canal to additional drilling activities.

This development highlights Audax Renovables SA’s strategic positioning in the renewable and energy sectors, expanding its footprint beyond traditional renewable energy projects into new areas of energy exploration.