The fallout of the lingering economic gloom both in Spain and abroad is that banks are continuing to tighten their purse strings when it comes to lending and are demanding more for their money. The crisis has therefore restricted project start-ups and led to a slump in business, reflected by the widespread drop in viable opportunities.
Despite this widespread market instability, Abengoa’s Engineering and Construction Division has once again responded superbly on course with company strategy, closing the year with a total of €3,526 M in revenues, marking a 53.2 % increase in sales despite the precarious economic and financial climate, largely on the back of the company’s efforts to diversify business and territories and its promotional drive."
CSP tower plant at SanlĂșcar la Mayor (Seville)
Abengoa offers its engineering and constructions customers a wide range of solutions relating to energy, transportation, telecommunications, industry, services and the environment. It provides groundbreaking solutions in clean energies and champions sustainable development by applying its considerable technological know-how to the following areas:
Comahue-Cuyo interconnection Section of power line heading south
With engineering and construction being the cornerstone of Abengoa business, the company’s mission in this field could essentially be defined as the design, engineering and construction of:
Abengoa aims to become an international market leader in the engineering and construction of power and environmental infrastructures and industrial installations on the path towards sustainable development.
Engineering and Construction embraces activities in which the division has over seventy years of experience in the market. It specializes in the performance of complex turnkey projects (EPC: Engineering, Procurement and Construction): CSP plants, hybrid solar-gas plants, conventional power plants and biofuel facilities; hydro infrastructures, including large-scale desalination plants; power transmission lines and critical infrastructure control systems, among others.
The division has cemented its presence in no less than 32 countries on all continents, adapting its structure to meet local social, cultural and economic conditions but without ever losing sight of its corporate social responsibility with the surrounding area. It is therefore able to understand and adapt to the different needs of each community in which it carries out its different lines of business.
Abengoa’s growth model is rooted in its market credibility, its technical, financial and managerial prowess, its ability to seek out and secure strategic alliances, its social responsibility and its technological leadership.
The company expects to report high growth from its projected investments for the coming years. Its growth is based on leadership and knowledge of the contracts it secures and the associated risks, and also on its financial structure and strategic alliances.
Acceptance testing at the ABB factory (Asea Brown Boveri) in Ludvika (Sweden) on one of the seven 500 kV (HVDC) - 600 MW - 600 Tm converter transformers
The engineering and construction division bases its growth on a three-stage model that has proved hugely successful to date: the know-how acquired from third-party projects enables it to reduce the risks associated with new internal projects performed by the company itself (concessions), while the references obtained from these internal projects allow Abengoa to secure new third-party projects. This virtuous circle is one of the keys to Abengoa’s success.
In line with this vision, the engineering and construction division aims to cement this position of international leadership and extend it to the other sectors flagged as strategic priorities. The division’s strategy for 2012 therefore involves:
The engineering and construction division also has a heavy international slant, with Abengoa targeting markets from across the globe:
Transmission towers on the ATE IV line. Towers for the ATE IV Curitiba-Bateias power line