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Abengoa Teeters Under Debt Load

by Melody M. Bomgardner
December 21, 2015 | A version of this story appeared in Volume 93, Issue 49

Spanish renewables giant Abengoa, which builds and operates large-scale solar plants and biofuels facilities, is struggling to pay creditors and may be forced to liquidate under its home country’s bankruptcy rules. In the U.S., Abengoa idled a cellulosic ethanol plant in Hugoton, Kan., after little more than a year of operation. The plant received a $132 million loan guarantee from the Department of Energy and a $97 million grant from the agency. The loan was repaid in March, DOE reports.

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