Solar-thermal specialist Abengoa has signed a framework deal that will see Gonvarri invest the sum and become its largest shareholder with a 28% stake following a capital raising, which will also see it make a further investment beyond the €250m announced yesterday.
Spain’s Gonvarri is no stranger to the renewables sector. It is part of the Corporación Gestamp industrial conglomerate that also owns Gestamp Renewables, which has global wind and solar development interests.
Abengoa
