Key Developments: Abengoa SA (ABG.MC)

ABG.MC on Madrid SE C.A.T.S.

2.82EUR
30 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Abengoa SA signs desalination research partnership in Abu Dhabi
Wednesday, 28 Jan 2015 02:51am EST 

Abengoa SA:Has recently signed research partnership agreement with Masdar Institute and the Abu Dhabi Future Energy Company (Masdar company).Objective of this research project is to optimize technology of membrane distillation for the treatment of reverse osmosis brines.Says accomplishment of this objective would improve the water recovery and productivity of seawater reverse osmosis plants, while reducing the volume of brine discharge, increasing environmental sustainability of whole desalination process.  Full Article

Abengoa SA and AWT to develop Solar-Powered Desalination Plant, in Saudi Arabia
Wednesday, 21 Jan 2015 06:47am EST 

Abengoa SA:Has been selected by Advanced Water Technology (AWT).To jointly develop large-scale desalination plant to be powered by solar energy, in Saudi Arabia.AWT is newly formed company based in Riyadh whose mission is to bring affordable water solutions through innovation and sustainability.It is commercial arm of KACST (King Abdulaziz City Science and Technology) and is owned by Taqnia.Says plant will produce 60,000 m3 of water day to supply Al Khafji City in North Eastern Saudi Arabia, ensuring a constant water supply throughout the year.This is global pioneering project since it incorporates a photovoltaic plant that will be capable of supplying the power required by the desalination process, significantly reducing the operational costs.Says it will also have system to optimize power consumption and a pre-treatment phase to reduce high level of salinity and oils and fats that are present in the region's seawater.  Full Article

Abengoa SA raises $328 mln from US share sale
Friday, 16 Jan 2015 05:12pm EST 

Abengoa SA:Raises $328 mln from US share sale in Abengoa Yield after underwriters exercised their over-allotment option to buy extra 1.38 million shares in the offering.Abengoa says it had sold nearly 10.6 million shares in Abengoa Yield.  Full Article

Abengoa Yield announces the commencement of secondary public offering by selling shareholder Abengoa
Monday, 12 Jan 2015 07:38am EST 

Abengoa Yield Plc:Says the commencement of a public offering of up to 9.2 mln ordinary shares of Abengoa Yield by means of an underwritten secondary public offering by the selling shareholder Abengoa.Abengoa Yield will not receive any proceeds from the sale of shares by the selling shareholder.The underwriters of the offering will have a 30 day option to purchase up to 1.38 mln additional ordinary shares from the selling shareholder.Citigroup and BofA Merrill Lynch are acting as global coordinators of the Offering.HSBC and Banco Santander are acting as joint bookrunners.  Full Article

Abengoa Mexico SA de CV to construct a 924 MW power plant in Mexico
Friday, 9 Jan 2015 07:16pm EST 

Abengoa SA:Mexican subsidiary of Abengoa SA to construct a 924 MW power plant in Mexico.Total project income amounts to $1,550 mln and includes construction and 25 years of operation and maintenance expense.During the construction phase the value of investment amounts to $700 million and will be financed with a mix of equity and non-resource debt.Norte III is a combined power plant project developed by Mexican federal commission of electricity( Comision Federal de Electricidad de Mexico) as part of national investment plan for 2014-2018.Abengoa is responsible for engineering, design and construction of the plant as well as it's operation and maintenance for 25 years once it's completed.  Full Article

Abengoa SA and US Firm EIG Global Energy Partners sign an agreement to jointly invest in the development of Abengoa's Projects under construction
Tuesday, 6 Jan 2015 02:55am EST 

Abengoa SA and EIG Global Energy Partners:Enters into a non-binding agreement with the objective of jointly investing in a New Company (Newco) for the development of the already contracted portfolio of Abengoa's projects under construction.Portfolio of projects has been defined including conventional generation and renewable energy assets and transmission lines in different geographies, including US, Mexico, Brazil and Chile for a total investment amount above US$9.5 bln, including equity and non-recourse debt.As part of this agreement, EIG will hold a majority stake in the Newco, that will consolidate these projects, with Abengoa retaining a minority stake.  Full Article

Abengoa SA and Daelim sign MoU for development of water projects
Tuesday, 23 Dec 2014 07:22am EST 

Abengoa SA:Says it has signed MoU (Memorandum of Understanding) in Seoul, last Dec. 3, withDaelim Industrial Co. Ltd.To develop large water projects all over world.Strategic alliance allows two international companies to combine their respective strengths in different products and markets.Also creating synergies that confer competitive advantage to undertake future projects in several areas, especially in hydropower, construction of dams and tunneling and water treatment plants.This MoU represents an international recognition of the wide experience and knowledge in the energy and water sector of Abengoa.  Full Article

Abengoa SA and Hyundai E&C sign memorandum of understanding to collaborate on power plants
Tuesday, 9 Dec 2014 01:38pm EST 

Abengoa SA:Signs a memorandum of understanding in Seoul on Dec. 04 with the South Korean company Hyundai Engineering & Construction, to work together developing power plant projects.This alliance brings together two companies in the power sector, enabling them to identify projects in which they will leverage their synergies in terms of technology and markets, to undertake projects in various areas.But especially in solar-thermal power projects and hybrid plants that combine solar-thermal and combined cycle technology (ISCC).  Full Article

Abengoa SA is awarded new power transmission project in Morocco
Friday, 21 Nov 2014 02:31pm EST 

Abengoa SA:Says it has been selected by the National Power and Drinking Water Office (ONEE) for a new electricity transmission project in Morocco.Contract is worth about 23 mln Euros.  Full Article

Abengoa SA to develop in Belgium largest biomass power plant in World
Thursday, 13 Nov 2014 08:47am EST 

Abengoa SA:Has been selected by electricity and gas company, Belgian Eco Energy.To develop commercial plant in world of new construction in Ghent (Belgium), which will produce 215 MW of electricity, being one hundred percent of the raw material biomass (wood chips and agro-residues).Says amount of project will exceed 315 mln Euro.  Full Article

Abengoa bonds rally after CEO allays debt fears

LONDON, Jan 9 (IFR) - Abengoa's bonds rallied strongly on Friday after its CEO said that the Spanish renewable energy and engineering company will meet its substantial debt repayments next month.

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