Spain-based sustainable development technology company Abengoa has launched a new American subsidiary, Abengoa US, which will be responsible for all its businesses in the country.
The company expects that the new subsidiary will help consolidate its activities in the U.S. market. Abengoa US has assets in excess of $5.8 billion, more than $1.7 billion in shareholders' equity, and its revenues account for approximately 20% of the company's total sales.
The company currently coordinates its activities from three offices located in Washington D.C., St. Louis and Denver. At present, it is engaged in various projects in the country, including Solana, an Arizona solar plant using parabolic-trough solar-thermal technology based in the Arizona desert.