Abengoa eyeing LatAm thermosolar opportunities, Mexico reform

Tuesday, August 12, 2014

Abengoa CEO Manuel Sánchez Ortega said there are strong thermosolar opportunities for the company in Latin America.

In a presentation, the executive also highlighted prospects in Mexico from new legislation promoting private sector participation.

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The US and Mexico accounted for 24% of Abengoa's 7.7bn-euro (US$10.293bn) engineering and construction backlog at end-June.

Brazil represented 23%, the rest of Latin America 22%, Africa 13%, Europe 11% and Asia 7%.

Abengoa's regional power sector portfolio includes the 2,375km Norte Brasil transmission line, new transmission and distribution lines in Brazil (5,786km), a concentrated solar plant in Chile (119MW), Mexico's A3T thermo (240MW), Peru's ATN 3 transmission line and Uruguay's wind farms Cadonal (50MW) and Nicefield (70MW).