Abengoa (MCE: ABG) is an international company that applies innovative technology solutions for sustainability in the energy and environment sectors, generating energy from the sun, producing biofuels, desalinating sea water and recycling industrial waste.
- Business Type:
- Engineering service provider
- Industry Type:
- Energy - Renewable Energy
- Market Focus:
- Globally (various continents)
- Over 1000
- more than 1,000,000,000 €
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.
We are a leading engineering company for conventional thermal power plants and for all types of electrical and mechanical installations and control systems in the field of energy, transport and industry.
Abengoa has more than 70 years of experience in engineering-related work, with a commanding competitive position in Latin America and Spain.
We install catenary systems for railways and metros, traffic control and toll systems, industrial processes, building controls and lighting, communications antennae, thermal and acoustic protection, etc.
As companies, we have a responsibility to participate in social progress, creating wealth in a way that is good for the environment and society. At Abengoa we therefore look after our people and try to minimise the social and environmental impact of our activities.
Abengoa's true competitive advantage lies in its people, whose preparation, effort and commitment provides the necessary excellence to allow the company to differentiate itself through its achievements and results.
Abengoa's human resources policies are strengthened by searching for and creating the ideal conditions so that its employees can grow personally and professionally, encouraging the development of talent as a key component in achieving outstanding performance. Commitment, motivation, initiative and dedication are the core principles of our team of professionals.Professional development
The pursuit and realisation of excellence requires investment and dedication in the professional development of every person at Abengoa. Every member of our team has a personalised career plan with training that is tailored to their needs, concerns and expectations and which is adapted to their evolution and situation each year. The challenges and goals of our professionals are only limited by their imagination.Life in Abengoa
We want the time spent at Abengoa to have a very positive impact on the careers of our professionals. That is why our culture promotes opportunities, integrity and responsibility. Despite having more than 70 years of experience, we are an organisation with a young and dynamic spirit, always ready to lead change and to contribute to improving people’s lives, demonstrated by our innovative and progressive philosophy.Social benefits
In Abengoa, employees enjoy important social benefits at our work centres. These include the following:
- Flexible working hours
- Medical coverage in all work centres with more than 300 people
- Life and accident insurance
- Nurseries for employees’ children
- Transport services to the work centre
Abengoa has been a member of the Global Compact since 2002, which deals with human rights, labour laws and the environment. We are therefore strongly committed to each of the points of the Compact and we actively work to encourage all the organisations that collaborate with us to adopt these principles.