Key Developments: Abengoa SA (ABG.MC)

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

2.26EUR
24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Abengoa to develop new desalination project in Morocco
Thursday, 29 May 2014 08:00pm EDT 

Abengoa SA:Chosen by Moroccan National Electricity and Drinking Water Office (ONEE) to construct new desalination plant in Agadir, Morocco.To be responsible for design, technology and construction of plant, as well as its subsequent maintenance and operation for 20 year period.Project to require total investment of 82 million euros.Plant to supply 100,000 m3 of drinking water every day to inhabitants of Greater Agadir.  Full Article

Abengoa in consortium to build prison in Uruguay-Agencia EFE
Monday, 26 May 2014 04:55am EDT 

Abengoa SA:Company in consortium to build prison in Uruguay and to manage it for 27.5 years-Agencia EFE.Investment of $80 million (59 million euros).Project includes design, construction, equipment, financing, maintenance, cleaning, catering and laundry of prison with capacity for 2,000 inmates.Start of construction scheduled for Sep. 2014.Unidad Punta de Rieles consortium is composed of Teyma Uruguay and Instalaciones Inabensa (both from Abengoa group) and Goddard Catering Group Uruguay.  Full Article

Abengoa SA completes the construction of single-axis photovoltaic plant
Wednesday, 21 May 2014 01:17pm EDT 

Abengoa SA:Completes construction of Mount Signal Solar, 206 megawatt (MW) photovoltaic plant in city of Calexico, south east of California.Project covers 801 hectares and includes more than three million photovoltaic modules that rotate on a north-south axis tracking the path of the sun.Plant will generate enough solar power to supply 72,000 households in San Diego and its surrounding area, preventing the emission of 356,000 tons of CO2/year into the atmosphere.Company will not retain an interest in the constructed assets.Constructed and commissioned the plant in 16 months.  Full Article

Abengoa to develop 250 km intelligent water management network in Turkey
Monday, 19 May 2014 08:00pm EDT 

Abengoa SA:Says it has been selected by municipal water authority of Denizli (Turkey) to develop intelligent network of supply and sewerage pipelines covering nearly 250 km.Infrastructure to supply water and sanitation to city population of about 500,000 people.Project worth 35 million euros.To be responsible for engineering, design and construction of project, under turnkey EPC format, for supply, sanitation and drainage network, as well as more than 30 wells and Scada control system.To renovate existing deposits, pumping stations, bore holes and low-voltage system, as well as to operate and maintain facilities for period of one year.Project is scheduled to be completed within 17 months.  Full Article

Abengoa confirms its FY 2014 financial targets
Tuesday, 13 May 2014 08:00pm EDT 

Abengoa SA:Targets FY 2014 revenues in range of 7,900 million euros and 8,000 million euros.Targets FY 2014 EBITDA between 1,350 million euros and 1,400 million euros.Expects FY 2014 corporate EBITDA of between 860 million euros and 885 million euros.FY 2014 revenue of 8,080 million euros and EBITDA of 1,399 million euros - Thomson Reuters I/B/E/S.  Full Article

Abengoa wins new electricity transmission project in Brazil
Sunday, 11 May 2014 08:00pm EDT 

Abengoa SA:Says it has been selected by Brazilian National Electricity Agency (Aneel) for new electricity transmission project in Brazil.Contract worth about 381 million euros.To be responsible for engineering, design, construction, maintenance and commissioning of two transmission lines, which will cover 377 km.Both lines are expected to come into operation in 2017.First concession relates to 240 km transmission line from Oriximina–Juruti and Juruti–Parintins in state of Para, and construction of four substations in Oriximina, Juruti, Parintins and Jurupari.Second concession includes 137 km Parauapebas–Integradora Sossego, Integradora Sossego–Xinguara II transmission line and three substations.  Full Article

Abengoa obtains environmental approval for South America solar-thermal plant-DJ
Friday, 9 May 2014 11:38am EDT 

Abengoa SA:Obtains favorable environmental rating from authorities of Chilean Environmental Service to develop solar-thermal plant using molten salts tower technology-Dow Jones.Plant with installed capacity of 110 MW.Project located in Atacama Desert.Cerro Dominador to be solar-thermal plant for direct electricity production in South America.Plant to have thermal storage system designed and developed by Abengoa.Construction of this plant to generate an average of 700 direct jobs.Around 50 stable jobs to be created once project comes into commercial operation.  Full Article

Abengoa to acquire 25pct of GreenTech
Tuesday, 6 May 2014 10:56am EDT 

Abengoa SA:Says it has acquired 25pct of the GreenTech.Says deal is currently under the standard review process by the Chinese Government and is expected to be approved in the second quarter of the year.  Full Article

Abengoa selected by Masdar to develop R&D desalination project
Monday, 5 May 2014 08:00pm EDT 

Abengoa SA:Says it has been selected to develop pilot plant for desalination project.To be responsible for engineering, construction, assembly, testing, decommissioning and co-financing of pilot plant.Plant to be located in Emirate of Abu Dhabi in Ghantoot near border of Dubai and Abu Dhabi.Project to have a budget of $7.9 million.  Full Article

Abengoa makes US unit IPO plans public-Reuters
Tuesday, 1 Apr 2014 06:01pm EDT 

Abengoa SA:Abengoa made public its US subsidiary plans to raise up to $600 million in initial public offering of ordinary shares-Reuters.Abengoa in March filed confidentially with US regulators for proposed IPO of its yieldco vehicle.Abengoa Yield Plc, US subsidiary, intends to list its shares on Nasdaq under symbol ABY.Citigroup and BofA Merrill Lynch were underwriting IPO.Abengoa plans to use subsidiary to own, manage and acquire renewable energy assets in United States and South America.  Full Article

Abengoa commercial paper for sale at double-digit yields

LONDON, Dec 1 (IFR) - An owner of Abengoa's short term commercial paper is trying to sell it in the secondary market at yields as high as 11.5%, according to market sources, casting fresh light on the market's nerves around the Spanish clean energy firm's short-term debt maturities.

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