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December

Abengoa receives Research, Innovation, Development and Enterprise Award from Andalusia

December 14, 2007

Seville, 14 December 2007.- Abengoa S.A. has been awarded the first Research, Innovation, Development and Enterprise Award, in the Enterprise category, given by the Academy of Social Sciences and the Environment of Andalusia, the Confederation of Andalusian Businesses, and the Andalusian Council of Chambers of Commerce, Industry and International Trade.

The jury, led by Antonio Pascual Acosta, chairman of the Academy of Social Sciences and the Environment of Andalusia, highlighted "the outstanding and intensive technological research and development work carried out by Abengoa, as well as its capacity to produce new projects and collaborations with the university".

Felipe Benjumea Llorente, chairman of Abengoa, received the award from Manuel Chaves, president of the regional government of Andalusia. In his acceptance speech, Felipe Benjumea said that the award is highly encouraging "for our daily work". He also reiterated Abengoa’s commitment to innovation, always undertaken with the objective of "offering solutions for sustainable development".

Abengoa's chairman also mentioned the close relationship that the company has had with the university world for many years, which is visible through "joint R&D projects, grant programs for training students in their final years, and for doctorates through specific agreements with various research groups".

Strong commitment to R&D+i
The EU Industrial R&D Investment Scoreboard report for 2006, on R&D investment by EU companies, ranks Abengoa as the fifth most important Spanish company in terms of investment, from a total of one thousand European companies included in the document.

In fact, this year Abengoa’s investment in R&D+i has exceeded €70 million, which according to Felipe Benjumea "will rise to €81 million in 2008", which "underscores Abengoa’s commitment to innovation as the basis for long term sustainable growth".

Abengoa is a technology company that applies innovative solutions to sustainable development in the infrastructures, environment and energy sectors. It is a public listed company with a market capitalisation of 2,209.27 million euros (13/12/2007) and it has a presence in more than 70 countries in which it operates with its five business groups: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Construction and Engineering (www.abengoa.com).



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