24 Dec '15, 4pm

Abengoa redefines its solar strategy in Chile, gives assurances for 950 GWh awarded in auction

Abengoa redefines its solar strategy in Chile, gives assurances for 950 GWh awarded in auction 24. December 2015 | Applications & Installations , Financial & Legal Affairs , Industry & Suppliers , Investor news , Global PV markets , Top News | By: María Sarado The bankruptcy process requires the Spanish company to slow down the Atacama 1 CSP project, to reconsider its list of local projects and consider selling various assets. The Atacama 1 and Atacama 2 projects contain both PV and CSP componentsAbengoa Spain's Abengoa will also restructure its business in Chile, as part of the process of negotiation with its creditors. The CSP giant began the bankruptcy process on November 25. Abengoa plans to slow down various works on the completion of Solar Atacama 1, but “this does not affect the supply commitments under the electricity auctions” stated the company in Chilean periodi...

Full article: http://www.pv-magazine.com/news/details/beitrag/abengoa-r...

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