Abengoa and EIG sign agreement to finance energy projects

Technology solutions firm Abengoa has signed an agreement with investor EIG to finance Abengoa Projects Warehouse-1, a plan to construct several energy projects in Latin America.

Abengoa announced that the projects will be developed in Mexico, Brazil and Chile.

The first to be started will be Atacama I (a solar thermal power plant) and Atacama II (solar photovoltaic), both in Chile. Next will be cogeneration plants A3T and A4T in Mexico, followed by participation in Brazil's transmission lines.

The projects will need $200 million, with 55 per cent of that amount to be invested by EIG and the remaining 45 per cent by Abengoa.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...