Chu proves you don’t have to be a genius to get a Nobel prize.
Somebody 'splain to me why this company needs or gets ANY government help AT ALL.
If they made that profit on the free market, then more power to them, but THEY DON'T NEED MY MONEY, and I DON'T NEED TO GIVE IT TO THEM.
Green Policies in Spain are a Total Failure (2010)
..experts in a damning report exposing the catastrophic economic failure of Spain’s “green economy” initiatives.On eight separate occasions, President Barack Obama has referred to the “green economy” policies enacted by Spain as being the model for what he envisioned for America.
Later came the revelation that Obama administration senior Energy Department official Cathy Zoi — someone with serious publicized conflict of interest issues — demanded an urgent U.S. response to the damaging report from the non-governmental Spanish experts so as to protect the Obama administration’s plans
The Spain-based Abengoa will build a power central in Mexico
Baja California Sur, Mexico- The Spaniard company Abengoa will build a conventional electric power central in Baja California Sur for US$91 million, for the power generation and distribution company, Comision Federal de Electricidad de Mexico.
In a press release, this firm devoted to innovating technological solutions for sustainable development in power and environment sectors, said that this is Baja California IV Project, located 14 kilometers (9 miles) from La Paz
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July 14, 2011
The U.S. Interior Department said Thursday it has issued permits for four new renewable-energy projects, including a solar-power plant proposed by Abengoa SA (ABG.MC) and a transmission project planned by Edison International (EIX).
Interior Secretary Ken Salazar said the department has approved permits supporting Abengoa’s plans to build a 250-megawatt solar-thermal power plant in the California desert and plans by Edison’s Southern California Edison utility to build 150 miles of high-voltage transmission lines that would connect desert solar farms to the southern California grid.
The agency also approved permits for two other renewable energy projects: a 200 MW California solar farm being developed by privately held Tenaska, and a 100 MW central Oregon wind farm planned by West Butte Wind Power LLC. Abengoa’s solar farm and the wind farm will be built on private land, but the projects needed permission to build transmission lines that would cross public land.
In December, the U.S. government awarded Abengoa a $1.45 billion loan and a loan guarantee to build a 250 MW solar-thermal power plant in Arizona.
Salazar said his department also plans to issue a formal plan for a program that would streamline permitting of solar farms proposed for public lands in the Southwest. The plan, called the solar Programmatic Environmental Impact Statement, or PEIS, would allow the agency to complete a broad environmental review of desert lands suitable for solar farms, so that it could fast-track approval for such facilities.
Abengoa, GE to invest $180 Million for Mexico’s largest co-generation power plant
Subsidiaries of Spain-based Abengoa and GE Energy Financial Services, a unit of GE, announced June 21 that they will invest US$180 million to develop the largest co-generation power plant in Mexico.
The 300-megawatt gas-fired facility with a total project cost of US$640 million will be located at the Nuevo Pemex gas processing complex, owned by Pemex Gas y Petroquímica Básica, a subsidiary of Mexican state oil company Pemex.
The Nuevo Pemex complex processes gas from on- and off-shore Mexican gas fields. As agreed in a separate transaction between GE Energy and Abengoa announced Jan. 26, the cogeneration facility will use two GE Energy Frame 7FA gas turbines. GE’s F-Technology gas turbines have accumulated over 30 million combined operating hours around the globe. In addition, GE Energy signed a 20-year agreement to provide plant services, a key GE growth area.
http://www.reliableplant.com/Read/25174/GE-largest-cogeneration-plant