Engineering and construction:
Engineering and construction includes our traditional engineering activities in the energy and water sectors, with more than 70 years of experience in the market. We specialize in carrying out complex turn-key projects for solar-thermal plants, solar-gas hybrid plants, conventional generation plants, biofuels plants and water infrastructures, as well as large-scale desalination plants and transmission lines, among others.
We have an extensive and young portfolio of proprietary concession assets that generate revenues that are governed by long term sales agreements with formats such as take-or-pay contracts, tariff contracts or power purchase agreements (PPAs). This activity includes the operation of electric (solar, cogeneration or wind) energy generation plants and transmission lines. These assets generate no demand risk and we focus on operating them as efficiently as possible.
The latter covers involving our businesses with a high technological component, such as biofuels, industrial waste recycling or the development of solar technology. The company holds an important leadership position in these activities in the geographical markets in which it operates.
At Abengoa, we believe that the world needs solutions that will allow our development to be more sustainable. Scientists tell us that climate change is a reality, and at Abengoa we believe the time has come to pursue solutions and put them into practice.
Abengoa focuses its growth on the creation of new technologies that contribute to sustainable development.
And to achieve this: we invest in Research, Development and Innovation, R&D&I, globally expand the technologies with the greatest potential, and attract and develop the necessary talent. Moreover, through the Focus-Abengoa Foundation, we dedicate human and economic resources to promoting social action policies that contribute to social and human progress.
Abengoa is a technology company that applies innovative solutions for sustainability in the environmental and energy sectors, bringing long-term value to our shareholders through a management model characterized by encouragement of entrepreneurship, social responsibility, and transparent and effective management.
To be a world reference in the development of innovative technological solutions for sustainable development.
Origin and development
On 4 January 1941, Javier Benjumea Puigcerver and José Manuel Abaurre Fernández-Pasalagua, both engineers from the Instituto Católico de Artes e Industrias (ICAI), founded Sociedad Abengoa S.L. in Seville with three friends and other family members, with an initial share capital of 180,000 pesetas (€1,082). Their initial plan was to manufacture a five-ampere mono-phase meter, although the supply problems in Spain at that time meant that the project never got off the ground. But this fact, combined with significant opportunities that began to arise during this era, meant that from 1943 Abengoa began drafting projects and carrying out technical studies, as well as undertaking electrical assembly projects.