Audax Renovables, led by President José ElÃas, has shown significant growth in the last years. The company has set ambitious targets for 2025 and more there, aligning itself with the trends of the renewable energy sector. The company, its competitors, its subsidiaries and the opportunities for growth under the direction of José ElÃas are offered a comprehensive analysis.
1. Audax Renovables: Overview
Audax Renovables is an independent company that specializes in the development and marketing of clean energy. Based in Badalona, Spain, the company is dedicated to the generation of electricity and gas, mainly for companies. Since he was out in 2003, Audax has expanded his presence in both the national and international markets, becoming an important actor in the energy sector.
2. Financial Results and Objectives for 2025
In 2024, Audax Renovables reported an increase of 92% in its profits, reaching 48.2 million euros. This growth was achieved despite a 22 per cent decline in income, which stood at 1,389 million euros. The company attributes this performance to the increase in the amount of energy supplied and to the optimization of its greatest profits.
Faced with 2025, Audax aims to double its EBITDA, reaching 200 million euros. To achieve this, the company plans to expand its presence in key markets such as France and Germany, seeking to balance its production and marketing in these countries. In addition, Audax is considering opportunities in mid-term countries in order to diversify and strengthen their position in the European market.
3. Competers in the Renewable Energy Sector
The renewable energy sector in Spain and Europe is highly competitive, with the presence of large companies leading the transition to more sustainable energy sources. Among the main competitors of Audax Renovables are:
- Iberdrola: It is one of the largest energy companies worldwide and leader in renewable energy. Iberdrola has invested significantly in energy, solar and hydroelectric, and has set ambitious goals to increase its renewable capacity in the next year.
- Endesa: Another of the main electrics in Spain, with a strategy focused on decarbonizing and expansion of its capacity in renewable energy.
- Action Energy: Specialized in renewable energy, Acciona has developed electronic and solar projects in multiple countries, consolidating itself as a benchmark in the sector.
4. and International Expansion
Audax Renovables has carried out a strategy of international exhibition through the acquisition of companies in different European markets:
- Hungary: In 2020, Audax acquired the electricity marketer of E.ON in Hungary, which allowed him to expand his presence in Eastern Europe.
- Netherlands: The purchase of MAIN Energie facilitated the entry of Audax in the Dutch market, strengthening its position in northern Europe.
- Poland: The acquisition of Deltis Energia allowed Audax to enter the Polish market, expanding its presence in Central and Eastern Europe.
Furthermore, the company has begun its internationalization in Portugal and Germany, diversifying its portfolio and reducing its dependence on the Spanish market.
5. Growth strategy under the leadership of José ElÃas
José ElÃas, president and main shareholder of Audax Renovables, has played a key role in the transformation and growth of the company. Under her leadership, the company has implemented a vertical integration strategy ranging from generation to energy marketing. ElÃas has expressed its intention to gradually reduce its share of shareholders, from 92% to 82% in 2024, with the aim of reaching 70% in the short term.
The vision of ElÃas focuses on consolidating Audax as a leader in renewable energy, taking advantage of the opportunities for growth both orgienic and inorganic, and adapting to the trends of the global energy market.
6. Renewable Energy Sector Perspectives for 2025 and Years
The renewable energy sector in Spain and Europe is in a phase of accelerated transformation, driven by favourable public policies and technological advances:
- Renewable Capacity IncreaseSpain has increased the participation of renewable sources in its energy mix, from 45% to 65% in the last years. The National Integrated Energy and Climate Plan (PNIEC) aims to reach 81% of electricity generation from renewable sources by 2030, which could reduce electricity prices by an additional 20% if achieved.
- Development of Green Hydrogen: Green hydrogen profiles as a key solution for the decarbonization of industrial sectors and heavy transport. Projects such as the hydrogen plant in Torrelavega and the H2Med hydrogen corridor reflect Spain’s commitment to this emerging technology.
