Abengoa – which sought protection under Spanish insolvency law last November and has been battling to put together a restructuring plan ever since – said the agreement will see the creditors inject €1.17bn ($1.3bn) into the company in return for a 50% stake in the business.
Abengoa is a long-standing leader in the global CSP market, as well as a significant investor in PV, wind and transmission assets.
