Spain-based renewable energy giant Abengoa is suspending work at six U.S. plants.
Another Government-Backed Renewable Energy Giant Is Looking Unstable
The ripple effects of the financially troubled Spain-based renewable energy giant Abengoa just slammed into its biofuel plants in the United States.
Whether it’s a short-term setback or a signal of problems that run much deeper for the industry remains to be seen as Abengoa fights off the prospect of bankruptcy.
According to reports in Spanish media, Abengoa is suspending its cellulosic biofuels plant in Hugoton, Kan., as well as six other bio-energy plants in the U.S., including a facility in Colwich, Kan., that produces corn-based ethanol.
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