Abengoa

Abengoa returns to positive EBITDA

Abengoa returned to positive operating profit (EBITDA) in the first half of 2017 after completing its financial restructuring in March and restarting business operations, the company said September 29. EBITDA measured 16 million euros ($18.9 million) and would have been 117 million euros if adjusted for one-off costs. Profitability rose [...]

2017-10-16T19:12:47+00:00 16-10-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , |

Nearly 1 Million in South Africa Now Powered by Abengoa Concentrated Solar Power

With yet another renewable energy (RE) project completed on time and on budget, one has to wonder why the Departments of Energy (DoE) and Public Enterprises (DPE) tolerate Eskom’s continued refusal to sign additional power producer agreements. It is especially puzzling since the latest REIPPP energy price bids that Eskom [...]

Chile concentrated solar power to seek $800 million to restart

A stalled solar-thermal project in northern Chile backed by a U.S. private equity investor is seeking about $800 million in debt to resume construction, according to people familiar with the deal. EIG Global Energy Partners, the U.S. private equity investor that took over the $1 billion Cerro Dominador solar plant [...]

2017-08-29T22:47:55+00:00 29-08-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Storage, Top News|Tags: , , |

New concentrated solar power plants now powering whole of Northern Cape

With yet another renewable energy (RE) project completed on time and on budget, one has to wonder why the Departments of Energy (DoE) and Public Enterprises (DPE) tolerate Eskom’s continued refusal to sign additional power producer agreements. This especially since the latest REIPPP energy price bids that Eskom refuse to [...]

The Cerro Dominador Concentrated Solar Power and Photovoltaic plant, built by Abengoa in Chile, connects its first 62 MW

With this supply, the project’s first construction milestone is reached. The project provides for the construction of the largest solar thermal plant in Latin America, is owned by EIG Global Energy Partners and is being built by Abengoa. Abengoa (MCE: ABG/P:SM), the international company that applies innovative technology solutions for [...]

Abengoa achieves practical completion for Xina Solar One, its third concentrated solar power plant in South Africa

Abengoa has achieved practical completion for Xina Solar One, its third solar thermal plant in South Africa. Xina Solar One is a 100 MW plant that uses parabolic trough technology to generate renewable and sustainable and dispatchable power from the sun. Furthermore, this power plant features a thermal energy storage [...]

The future of concentrated solar power (STE or CSP) in China

The Chinese Government’s recent launching of an ambitious strategic program to develop solar thermal power in the country will elevate it to a leading position by the year 2030, as well as will be serving as a basis for boosting this sector of renewables on a global scale. One of [...]

Algonquin bids for Atlantica Yield stake

Canada’s Algonquin Power & Utilities, a growing player in the North American renewables market, has reportedly offered to buy Abengoa’s stake in Atlantica Yield, among the world’s leading owners of concentrated solar power (CSP) projects. Algonquin is ready to pay around €700m ($817m) for Abengoa’s 41% stake in Atlantica [...]

2017-07-24T07:33:15+00:00 24-07-2017|Categories: BREAKING NEWS, NEWS, Sin categoría, Top News|Tags: , , , |

Record-Breaking Cost Reduction for Concentrated Solar Power Generation

The Dubai Electricity and Water Authority (DEWA) announced on 4 June the prices offered from four consortia for the 200-MW fourth phase of the Mohammed bin Rashid Al Maktoum solar park. The lowest bid for the Solar Thermal Electricity (STE) project came in at 9.45 US cents/kWh (approx. 8.4 [...]

Electrical power tests start at Abengoa’s Xina Solar One concentrated solar power plant in South Africa

Ingeteam has supplied nine INGEDRIVETM MV700 medium-voltage speed converters for this thermosolar plant.  It is hoped that in April it will reach the goal of generating power under rated operating conditions. Xina Solar One is a concentrating solar power plant with an installed capacity of 100 MW.  It uses [...]

South Africa Concentrated Solar Power developer agrees local worker deals

Kathu plant construction activity is set to peak this year and the Engie-led developer group is integrating new work contracts and training schemes following unexpected demands from local business groups, Cedric Faye, CEO of Kathu Solar Park at Engie, said. The Engie consortium began construction of the 100 MW Kathu [...]