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Abengoa Solar signs financing agreement for its first cylindrical-parabolic collector plant, Solnova 1, at the Solúcar Platform

December 18, 2007

Seville, December 18, 2007. – Banco Santander, S.A., Caja de Ahorros y Monte de Piedad de Madrid, Calyon, Natixis Banques Populaires and Société Générale, S.A. are the financial institutions that will be in charge of structuring and securing financing for the construction and start-up of the Solnova 1 solar thermoelectric plant, promoted by Abengoa Solar, leader of Abengoa’s Solar business group.

This is the first plant with cylindrical-parabolic technology to be built by Abengoa Solar at the Solúcar Platform, in the province of Seville.

Solnova 1, construction of which began in july of 2007, will have a unitary power output capacity of 50 megawatts and will be made up of approximately 300,000 square meters of mirrors covering a total surface area of 115 hectares. Its technology is based on concentrating solar radiation onto a heat-absorbing pipe inside which a fluid that reaches high temperatures flows. This produces steam that is sent to a turbogenerator, where it expands in order to produce energy.

Financing, which exceeds 200 million euros, has been coinsured by all parties.

Abengoa Solar, an affiliate of Abengoa, focuses its activities on the development and application of technology for electricity generation with the Sun.

Abengoa is a technology company that applies innovative solutions for sustainable development in the infrastructure, environment and energy sectors. It is listed on the Stock Exchange with capital of 2,159.51 million euros (17/12/2007) and is present in over seventy countries, through its five Business Groups: Solar, Bioenergy, Environmental Services, Information Technologies and Engineering and Industrial Construction (

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