By Robin Sayles
The vertically integrated CSP developer announced February 4 the sale of its 20% stake in the 100 MW Shams 1 plant in Abu Dhabi, United Arab Emirates, to plant partners Total and Masdar.
The sale forms part of a program of disinvestments by Abengoa aimed at avoiding bankruptcy and significant strategic selloffs are expected. Struggling with debt, Abengoa cut its full-year targets in early 2015 and stepped-up asset sales, but share prices plummeted in the second half of the year and the company filed for creditor protection on November 25.
Read more here:: http://social.csptoday.com/markets/mena%E2%80%99s-pool-developers-ready-absorb-abengoa-sales
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