Abengoa Solar, SA Overview
Headquarters: Seville, Spain
Founded: 1941
Workforce: Approximately 12,468
Company Working: Abengoa Solar, SA is engaged in designing, promotion, construction, installation and operation of its own solar power stations. It is a pioneer in Concentrated Solar Power and Thermal technologies and operates in the segments of solar photovoltaics, and concentrated photovoltaics. It owns Europe's first commercially operating concentrating solar power plant, the 11 MW PS10 Solar Power Plant that uses concentrated solar thermal technology.
Abengoa Solar has total installed capacity of approximately 1,223 MW in commercial, approximately 540 MW under construction and 210 MW in the pre-construction phase which is distributed in 29 plants locations, across the world. The company has worked on solar tower technology s (PS10 and PS20), which consisted of field of heliostats technology to constantly tracks the sun for solar radiation. Furthermore, Abengoa operates in parabolic trough technology.
Strategy
Abengoa Solar has been focusing on developing technical support for improving commercial solar plants. It has also been focusing on sectors and products with high growth potential. It is continuously investments in research and development of new technologies and has particularly identified thermal storage systems that hold the key to future competitiveness of their thermoelectric solar generation plants. Continuous efforts are being made to improve efficiency, reduce costs, and optimize components that are increasingly used in their solar power generation. Abengoa Solar has several new projects in countries such as South Africa, UAE, and Chile, where its solar tower and parabolic trough technology are used. Furthermore, Abengoa Solar has strategic partnerships with several companies such as E.On, Total, and JGC and with several leading universities such as CIEMAT, DLR, and NREL.
