Abengoa

Abengoa S.A.

Type	Sociedad Anónima (BMAD: ABG)
Industry	Technology, engineering
Founded	1941
Headquarters	Seville, Spain
Key people	Felipe Benjumea Llorente (Chairman), Manuel Sánchez Ortega (CEO)
Products	Solar energy and bioenergy devices, IT, water and waste treatment, construction of telecom networks, power stations, infrastructure
Revenue	€5.566 billion (2010)[1]
Operating income	€621.8 million (2010)[1]
Profit	€207.2 million (2010)[1]
Total assets	€16.97 billion (end 2010)[1]
Total equity	€1.630 billion (end 2010)[1]
Employees	26,500 (average, 2010)[1]
Website	abengoa.com

Palmas Altas Campus, Abengoa’s headquarters, Seville (Spain).

Abengoa is a Spanish multinational corporation, which includes companies in the domains of energy, telecommunications, transportation, and the environment. On September 15, 2007, The Economist reported that Abengoa is looking to enter the concentrating solar power market in the United States.

The company was founded by Javier Benjumea, and is based in Seville, Spain.

In 2010, the number of employees was approximately 26,500 spread over nearly 600 subsidiary companies. ^[1]

Green technology

Befesa

Befesa is an Abengoa subsidiary, specialising in the integral management of industrial wastes and the generation and management of water.

Joint Venture with Ebro Puleva

Abengoa has joint venture biofuel plants with Ebro Puleva.^[2]

Abengoa Solar

Main article: Abengoa Solar

Abengoa began its involvement in the development of solar technologies in 1984 with the construction of the Solar Almeria Platform in Spain.

Abengoa Solar has announced the award of two R&D projects in the field of Concentrating Solar Power (CSP) by the US Department of Energy that total over $14 million. The goal of the DOE R&D program, working in collaboration with partners such as Abengoa Solar, is to develop C.S.P. technologies that are competitive with conventional energy sources (grid parity) by 2015 ^[3].

On July 3, 2010, US President Barack Obama announced that the US Department of Energy had conditionally committed to offering a $1.45 billion loan guarantee to support construction by Abengoa Solar of the Solana Generating Station, in Arizona.^[4]

Competitors

• CIE automotive´s subsidiary Bionor (biodiesel) ^[5]
• Ence
• MAN Ferrostaal

See also

Companies portal

• Concentrating solar power
• PS10 solar power tower
• PS20 solar power tower
• Renewable energy companies on the stock exchange
• Solana solar power plant
• Telvent

References

1. ^ ^{a b c d e f g} "Annual Report 2010: Legal, Economic and Financial Information". Abengoa. http://www.abengoa.es/corp/export/sites/abengoa_corp/resources/pdf/en/gobierno_corporativo/informes_anuales/2010/2010_Volume3_AR.pdf. Retrieved 27 March 2011. 
2. ^ · · Grupo Ebro Puleva · ·
3. ^ http://www.abengoasolar.com/sites/solar/en/about_us/general/news/archive/2008/20080930_noticias.html
4. ^ Pace, Julie (July 3, 2010). "Obama awards $2B for solar power, hails new jobs". Associated Press. http://hosted.ap.org/dynamic/stories/U/US_OBAMA_JOBS?SITE=KTVK&SECTION=HOME&TEMPLATE=DEFAULT. Retrieved 2010-07-03. ^{[dead link]}
5. ^ CIE Automotive

External links

• Official website