Dive Brief:
- Spain's Abengoa, which operates renewable energy projects around the globe, is raising its profile in the U.S. by listing its shares on the Nasdaq stock exchange.
- “The U.S. market has become the most important market for the company,” according to chief executive Manuel Sanchez Ortega. “Today it represents the top geography in terms of revenues. One-third of our business is in the U.S.”
Dive Insight:
Abengoa this year completed the 280-megawatts Solana Generating Station near Gila Bend, Arizona. It is the largest parabolic trough plan in the word and the first in the U.S. with thermal energy storage. On Friday, Abengoa stock closed at $11.78/share, down 5.15%.
