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4-Traders Homepage  >  Equities  >  Bolsa de Madrid  >  Abengoa SA    ABG   ES0105200416

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Abengoa SA : Abengoa and ITOCHU inaugurate the Extremadura Solar Complex

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12/05/2012 | 03:31pm CET
  • The number of workers onsite peaked at more than 1300 during the construction phase and 91 highly-qualified, permanent operation and maintenance jobs created.

Seville, December 5, 2012. Abengoa (MCE: ABG.B), the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors, and the Japanese multinational ITOCHU Corporation, inaugurated today the first phase of the Extremadura Solar Complex. The complex is located in Logrosán, Cáceres, and is made up of two identical 50 MW parabolic trough plants. With the addition of the two similar plants currently under construction onsite, the complex will be completed in 2013 creating the largest solar complex in Spain with a total installed capacity of 200 MW.

Abengoa, who will be responsible for the operation and maintenance of the plant, owns 70 % of the two newly inaugurated plants while ITOCHU controls the remaining 30 %.

Cristina Elena Teniente Sánchez, Vice President of Extremadura, presided over the event. Also accompanying the attendees were Takeshi Kumekawa, President of ITOCHU Europe PLC; Santiago Seage, CEO of Abengoa Solar; José Antonio Echavarri Lomo, Extremadura Government Minister of Agriculture, Rural Development, Environment and Energy, and Maria Isabel Villa Naharro, the mayor of Logrosán. After the inaugural act, the guests toured the installation where they learned how the concentrating solar power technology functions.

The parabolic trough technology consists of a field of collectors that follow the movement of the sun and whose parabolic shaped mirrors concentrate the sun's rays on receiver tubes that run through the focal point of the trough. In these tubes, the heat transfer fluid heats to approximately 400

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Financials (€)
Sales 2016 -
EBIT 2016 -
Net income 2016 -
Debt 2016 6 242 M
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P/E ratio 2017
EV / Sales 2016 0
EV / Sales 2017 0
Capitalization 204 M
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Number of Analysts 2
Average target price 0,05 €
Spread / Average Target -90%
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Managers
NameTitle
Joaquin Fernandez de Pierola Marin Chief Executive Officer & Executive Director
Antonio Fornieles Melero Executive Chairman
Jesús Angel García-Quílez Gómez Chief Financial Officer
Enrique Aroca Moreno Chief Information Officer
José Borrell Fontellés Independent Non-Executive Director
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