solar thermal electric

Abengoa creates new subsidiary to serve US market

Seville-based Abengoa has announced the creation of its new American subsidiary, Abengoa US, which will be responsible for all its businesses in the country.
Abengoa creates new subsidiary to serve US market

The initiative will help to consolidate the company’s strong commitment to the US market, the company said in a written statement.

Abengoa US has assets in excess of $5.8 billion, more than $1.7 billion in shareholders´ equity, and its revenues account for approximately 20 percent of the company’s total sales.

The company currently coordinates its activities from three offices, strategically located in Washington D.C, St. Louis and Denver. It is also present through its projects and operations in twelve states across the country, in addition to its two R&D+i centers in Denver and St. Louis.

At present, Abengoa US is engaged in various landmark projects in the country, including Solana, the world’s largest solar plant using parabolic-trough solar-thermal technology based in the Arizona desert, and one of the first commercial second-generation bioethanol plants located in Hugoton, Kansas, which will come into operation at the end of this year.

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Tags: Solar , Bioethanol
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