August 8, 2008...7:36 am

Abengoa Rakes in $426M for 4 Solar Power Plants

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The solar arm of Spanish renewable energy and engineering giant Abengoa says it has completed raising funds for four new solar power installations it plans to build across Spain — Over €280 million ($426.33 million) was raised from 14 mostly Spanish banks for the projects. Most of those funds, or €210 million, will go toward the construction of Abengoa’s Solnova #4 Concentrating Solar Power plant while the other €70 will be used to build three solar photovoltaic plants.

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