Parent company’s financial woes won’t affect Solana solar plant, feds say

By Ryan Randazzo | The Arizona Republic

Abengoa, the Spanish company that built Arizona’s largest solar power plant, is facing a possible liquidation of its assets through bankruptcy in its home country, but U.S. Department of Energy officials expect the Solana Generating Station near Gila Bend to be unaffected.

Solana is generating revenue by selling power to Arizona Public Service Co. That revenue is being used to repay a $1.45 billion U.S. loan used to construct the plant.

The loan came through the Department of Energy Loan Programs Office, which also provided $1.2 billion for Abengoa’s Mohave solar plant in California.

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December 4, 2015

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