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Abengoa history
Abengoa company history timeline
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.”
zoom One of the earliest projects in Argentina, a 614 km transmission line from Río Tercero to El Bracho (1968).
In 1978, Abengoa built its first desalination plant in Libya for its client Electricity Corporation.
In 1989, Abengoa created a new Communications Division, which combined the company's interests in control systems and telecommunications systems integration, with Sainco as its core.
Under its new chairman and son of the company's founder, Felipe Benjumea Llorente, Abengoa launched a restructuring of its operations in 1992.
In 1992, the company adopted an entirely new strategy, one focused on diversifying the company's operations beyond its reliance on the construction and engineering markets.
In 1995, Abengoa launched its entry into the Environmental and Urban Systems sector with the acquisition of a stake in Befesa, via one of its subsidiaries.
In 1999, Abengoa acquired its first direct shareholding in Befesa, buying up 7.44 percent of the company.
In 1999, Abengoa had launched Telecom Ventures, or Telvent, which took over from Sainco as Abengoa targeted an expansion into the wider telecommunications arena.
The success of this plant led Abengoa to sell off its wind farm operations in 2001, to The Netherlands' Nuon, raising nearly EUR 110 million.
Bioenergy accounted for nearly 20 percent of Abengoa's EUR 1.69 billion ($2.01 billion) in 2004 sales.
In 2007, the company established the world’s first commercial solar thermal power plant in Sanlúcar la Mayor.
Obama said in 2010, “that we’ve attracted a company to our shores to build a plant and create jobs right here in America.”
The move, which applies retroactively to the summer of 2013, has prompted legal action from international investors who say it is a breach of their contracts.
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Abengoa competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Golden Grain Energy, LLC | - | $194.3M | 50 | 1 |
| Little Sioux Corn Processors Llc | - | $245.0M | 20 | - |
| E Energy Adams | 2005 | $20.2M | 20 | 1 |
| Husker | 2000 | $159.2M | 20 | 2 |
| Holcim | - | $38.0M | 350 | 2 |
| Sauer Holdings | 1876 | $120.0M | 736 | - |
| Herzog Contracting | 1969 | $240.0M | 950 | 27 |
| ESSROC Cement Corp | 1866 | $290.0M | 1,100 | - |
Abengoa history FAQs
Zippia gives an in-depth look into the details of Abengoa, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Abengoa. The employee data is based on information from people who have self-reported their past or current employments at Abengoa. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Abengoa. The data presented on this page does not represent the view of Abengoa and its employees or that of Zippia.
Abengoa may also be known as or be related to Abengoa, Abengoa Bioenergy and Abengoa Research SL.