Word: abengoa
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...potential loss of these credits has already impacted development. Acciona, a large Spanish renewable company that launched a major concentrated solar power plant outside Vegas this year, says similar projects will be impossible in the future without an extension of the tax credit. Abengoa, another Spanish company (European companies have dominated this space, largely because their governments provide significantly more generous subsidies to renewables), is planning to build the world's largest solar plant in Arizona, but the CEO of its solar arm told me recently that the project could fall apart if the credit doesn't come through...
...technologically complex photovoltaic panels. It can be more easily built up to utility-scale than photovoltaic solar - Acciona's plant, which began operation last year, produces 64 megawatts of electricity for the utility company Nevada Power, enough to light up 14,000 homes. The company's Spanish competitor Abengoa just announced a plan to build a 280-megawatt solar thermal plant outside Phoenix, which would be the largest such project in the world...
...this because we believe there is a market," says Riisgaard, though he thinks a large bioethanol industry is still years away. With more funds from the DOE, Novozymes will supply enzymes for a bioethanol plant to be built in Nebraska next year by a subsidiary of the Spanish firm Abengoa. More than a few people in Washington will be watching. --By Unmesh Kher. Reported by Ulla Plon/Copenhagen
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