Abengoa

Abengoa SA
legal form	Corporation
ISIN	ES0105200416
founding	1941
Seat	Spain , Seville
management	Santiago Seage
Number of employees	23,104
sales	7.151 billion euros
Branch	solar power
Website	www.abengoa.com
Status: 2014

Abengoa is a Spanish multinational company with subsidiaries in several areas such as energy supply , telecommunications , logistics and environmental technology .

The company was founded in 1941 by Javier Benjumea and is headquartered in Seville (Spain). From 1991 to 2015 Felipe Benjumea Llorente was CEO.

Befesa

Up until 2013, Abengoa also included the Befesa group, which is active in the field of industrial waste disposal and the extraction and marketing of water. The group includes a. the Befesa Steel Services GmbH in Duisburg, the Befesa Zinc GmbH in Duisburg and the Befesa Salzschlacke GmbH in Hanover. In 2013, Befesa was sold to the Triton Partners investment fund .

Joint venture with Ebro Puleva

Abengoa has a joint venture with the Spanish company Ebro Puleva for the production of biofuel in several plants.

Abengoa Solar

Abengoa began its involvement in the development of solar technology in 1984 with the construction of the Plataforma Solar de Almería in southern Spain.

Abengoa announced the sponsorship of two research and development programs in solar thermal power plants by the United States Department of Energy . The volume amounts to 14 million US dollars. The aim of these programs is to develop solar technology that will be competitive with conventional energy sources by 2015.

insolvency

After doubts about the company's liquidity arose and the failure of a possible investor, Abengoa announced on November 25, 2015 that the company wanted to apply for preliminary bankruptcy protection under Spanish bankruptcy law. If no agreement is reached with the more than 200 creditor banks, by far the largest bankruptcy in the history of Spain threatens. The main causes are the measures taken by the conservative central government to reduce subsidies and feed-in tariffs from renewable energies, in some cases retrospectively, as well as excessive salaries and severance payments to current and former managers of the company. The United Left party called for the company to be nationalized .

On December 18, 2015, the Spanish judge Carmen Lamela of the Audiencia Nacional issued bail, which had to be deposited within 24 hours. The amount of the deposits corresponds to the severance payments of the two highest managers of Abengoa, Felipe Benjumea (11.5 million) and Manuel Sánchez Ortega (4.5 million), which they had approved themselves before filing for bankruptcy. The reported deficit when submitting the application was 9 billion.

Web links

Commons : Abengoa  - collection of images, videos and audio files

• Official website
• Befesa website
• DOE Awards Research Projects To Abengoa Solar

Individual evidence

1. ↑ Santiago Seage ( Memento of December 8, 2015 in the Internet Archive )
2. ↑ Annual Report 2014 Volume 3
3. ↑ Annual Report 2014, Volume 1
4. ↑ Befesa company history
5. ↑ Abengoa Solar is awarded two R&D contracts by the US Department of Energy. (No longer available online.) September 30, 2008, archived from the original on June 20, 2013 ; accessed on July 29, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.  
6. ^ Las claves de Abengoa. November 26, 2015, Retrieved November 26, 2015 (Spanish). 
7. ↑ Renewable Energies. Abengoa before the end. November 25, 2015, accessed November 26, 2015 . 
8. ↑ Bankruptcy in billions: Spanish solar group insolvent. In: derStandard.at. November 27, 2015, accessed December 13, 2017 . 
9. ↑ Ralf Streck Abengoa a victim of the Spanish solar confusion? Telepolis , November 30, 2015, accessed the same day
10. ↑ La juez impone una fianza de 11.5 million de euros a Felipe Benjumea, ex presidente de Abengoa . In: El Mundo of December 18, 2015
11. ↑ La juez retiene la indemnización de la antigua cúpula de Abengoa . In: El País of December 18, 2015