10/23/2020

Solyndra Times Five: What’s Up With the $2.65 Billion in Federal Loans to Abengoa?

Ratepayers won’t get stuck with the tab if international renewable energy giant Abengoa goes bankrupt, say officials for the biggest power company in Arizona.

Whether U.S. taxpayers will avoid the bill is less clear.

Based in Spain, Abengoa SA is teetering on the verge of insolvency after applying for creditor protection last week. The renewable giant got — from the U.S. Department of Energy — loan guarantees of $1.45 billion to build the Solana solar plant in Arizona and $1.2 billion to construct the Mojave Solar Project in California.

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