07/03/2020

Once a Darling, Spanish Solar Company Abengoa Faces Reckoning

Announcing government support for clean-energy projects, President Obama hailed a Spanish company, saying its new solar technology would supply tens of thousands of American homes with renewable power, while spurring local employment.

“It’s good news,” Mr. Obama said in 2010, “that we’ve attracted a company to our shores to build a plant and create jobs right here in America.”

Since then, the Spanish company, Abengoa, has built two American plants, in Arizona and California, supplying electricity to more than 160,000 homes. It is the world leader in a technology known as solar thermal, with operations from Algeria to Latin America.

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