1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 6
1.2 List of Figures 7
2 Company Snapshot 8
2.1 Key Information 8
2.2 Company Overview 8
2.3 Financial Performance 8
2.4 SWOT Snapshot 8
3 Business Description 9
3.1 Business Overview 9
3.2 Solar 9
3.2.1 Overview 9
3.2.2 Production 9
3.2.3 Market View 10
3.2.4 Key Strategies 10
3.3 Major Products and Services 10
3.3.1 Overview 10
4 History 13
5 Business Strategy 16
5.1 Mission Statement 16
5.2 Strategy 16
5.3 Corporate Social Responsibility 16
5.3.1 Overview 16
5.3.2 Specific CSR Initiatives 16
6 Value Chain Analysis 18
6.1 Equipment Manufacturing 18
6.1.1 Overview 18
6.1.2 Financials, Production and Major Projects 18
6.2 Consulting 18
6.2.1 Overview 18
6.2.2 Financials, Production and Major Projects 19
6.3 Project Development 19
6.3.1 Overview 19
6.3.2 Financials, Production and Major Projects 19
6.4 Power Generation 19
6.4.1 Overview 19
6.4.2 Financials, Production and Major Projects 19
6.5 Distribution 20
6.5.1 Overview 20
6.5.2 Financials, Production and Major Projects 20
7 SWOT Analysis 21
7.1 Overview 21
7.2 Abengoa, S.A. Strengths 22
7.2.1 Reduced Carbon Emissions 22
7.2.2 Strong Financial Performance 22
7.2.3 Strong Market Position 22
7.2.4 Vast Global Presence 22
7.3 Abengoa, S.A. Weaknesses 23
7.3.1 High Interest Expense 23
7.4 Abengoa, S.A. Opportunities 24
7.4.1 Growing Importance of Renewable Energy 24
7.4.2 Air Quality Market 24
7.5 Abengoa, S.A. Threats 25
7.5.1 Volatility in Cereal Market 25
7.5.2 Government Regulations 25
8 Competitors 26
9 Revenue Analysis 27
9.1 Revenue by Segment 27
9.2 Revenue by Geography 27
10 Financial and Operational Review 29
10.1 Financial Statements 29
10.2 Financial Ratios 30
11 Share Holding Structure 31
12 Key Employees 32
13 Company Statement 33
14 Locations And Subsidiaries 34
14.1 Head Office 34
14.2 Other Locations & Subsidiaries 34
15 Financial Deals Landscape 36
15.1 Abengoa, S.A., Deals Volume Summary, 2004 to YTD 2009 36
15.2 Abengoa, S.A., Deals Summary By Region, 2004 to YTD 2009 37
15.3 Abengoa, S.A., Deals Summary, 2004 to YTD 2009 38
15.4 Abengoa, S.A. Detailed Deal Summary 39
15.4.1 Asset Purchase 39
15.4.2 Acquisition 40
15.4.3 Venture Financing 41
15.4.4 Equity Offerings 43
15.4.5 Partnerships 44
16 Recent Developments 46
16.1 New Contracts 46
16.1.1 Jul 17, 2008: Telvent To Develop DCS For Ain-Beni Mathar’s Solar Combined-Cycle Hybrid Plant 46
16.1.2 Jul 01, 2008: Abengoa’s Subsidiary Wins Operation Contract From Aneel For Connecting 500 kV Power Transmission Line 46
16.1.3 Mar 13, 2008: Abengoa To Construct 670 Kilometer Power Transmission Line In Peru 47
16.1.4 Feb 21, 2008: Abengoa Signs Contract With APS To Build Solar Power Plant 48
16.1.5 Dec 04, 2007: Abengoa Wins Three Projects From DOE 49
16.2 Operations Updates 49
16.2.1 Dec 05, 2008: Abengoa Needs Funds For Its Solar-Thermal Plant In Arizona 49
16.2.2 Oct 24, 2008: Concentrix Solar And Abengoa Connects 2 MW Power Plant To Public Utility Grid In Seville, Spain 50
16.3 Financial Announcements 51
16.3.1 Sep 01, 2008: Abengoa Reports 1H 2008 Results 51
16.3.2 May 14, 2008: Befesa Reports Q1 2008 Results 52
16.3.3 May 14, 2008: Abengoa Reports Q1 2008 Results 53
16.3.4 Feb 26, 2008: Abengoa Reports 2007 Results 54
16.3.5 Nov 15, 2007: Abengoa Reports Q3 2007 Results 55
16.3.6 Sep 03, 2007: Abengoa Reports H1 2007 Results 55
16.3.7 May 15, 2007: Abengoa Declares Q1 2007 Results 56
16.3.8 Feb 27, 2007: Abengoa Reports 2006 Results 57
16.4 Strategy and Business Planning 57
16.4.1 Dec 08, 2008: Abengoa Receives CEC From ACC To Start Construction On Solana Solar Power Plant 57
16.4.2 Oct 09, 2008: Six Entities Develop SolarTAC To Accelerate Solar Technology Development 58
16.4.3 Sep 30, 2008: Abengoa Wins Two R&D Contracts From DOE 60
16.4.4 Oct 15, 2007: Abengoa Opens Pilot Plant For Conversion Of Biomass 60
16.5 Other Significant Developments 62
16.5.1 Oct 20, 2008: Abengoa To Invest EUR1 Billion A Year To Build Thermal Solar Energy Plants 62
16.5.2 Aug 07, 2008: Abengoa Completes Financing For New Solar Projects Worth More Than EUR280 Million 62
16.5.3 Jun 24, 2008: Abengoa Appoints Independent Director 63
16.5.4 Jan 23, 2008: Abengoa Signs Financing Agreement For Second Parabolic Trough Plant 63
16.5.5 Oct 24, 2007: Abengoa To Invest EUR2 Billion In Solar Plants 63
17 Appendix 65
17.1 Methodology 65
17.2 About GlobalData 65
17.3 Contact Us 65
17.4 Disclaimer 65



1.1 List of Tables
Table 1: Abengoa, S.A., Key Facts, 2006 8
Table 2: Abengoa, S.A., SWOT Analysis, 2006 21
Table 3: Abengoa, S.A., Revenue by Segment, Euro Thousand, 2002-06 27
Table 4: Abengoa, S.A., Revenue by Geography, Euro Thousand, 2002-06 28
Table 5: Abengoa, S.A., Financial Statements, Euro Thousand, 2002-06 29
Table 6: Abengoa, S.A., Financial Ratios, Euro Thousand, 2002-06 30
Table 7: Abengoa, S.A., Share Holding Structure 2006 31
Table 8: Abengoa, S.A., Key Employees, 2006 32
Table 9: Abengoa, S.A., Subsidiaries 34
Table 10: Abengoa, S.A., Subsidiaries (Contd) 35
Table 11: Abengoa, S.A., Deals Summary, 2004 to YTD 2009 36
Table 12: Abengoa, S.A., Deals Summary by Region, 2004 to YTD 2009 37
Table 13: Abengoa, S.A., Deals Summary, 2004 to YTD 2009 38
Table 14: Abengoa Plans To Bid For Abu Dhabi Solar Plant 39
Table 15: Iberdrola Acquires Guadalcacin Energia From Abengoa 40
Table 16: HelioVolt Corporation Raises $101 Million In Series B Financing 41
Table 17: O2Diesel Completes Private Placement Of $3.6 Million 43
Table 18: ACS And Abengoa Form Partnership With Iberdrola 44
Table 19: Befesa Medio forms joint venture with IVRCL 45



1.2 List of Figures
Figure 1: Abengoa, S.A., Value Chain Analysis 18
Figure 2: Abengoa, S.A., Deals Volume Summary, 2004 to YTD 2009 36
Figure 3: Abengoa, S.A., Deals Summary by Region, 2004 to YTD 2009 37