The rising cost of gasoline is driving interest in biofuel production, in which Abengoa is a leader.

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Jenkyn-Jones also likes Abengoa, a Spanish conglomerate that produces biofuels, recycles metal and sells utilities data management software.

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Abengoa said the project will improve its current solar thermal technology, which uses mirrors to concentrate and direct the sunlight for producing steam.

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The first is Abengoa Solar, a company that has agreed to build one of the largest solar plants in the world right here in the United States.

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This ETF does have 1.67% of their holdings in Abengoa.

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Effectively they will be guaranteeing loans for a solar power plant in Arizona to be developed by Abengoa Solar, and for a solar production plant in Colorado to be built by Abound Solar.

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E. is Spanish company Abengoa.

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These small companies will be competing for financing against European giants with big balance sheets and long histories of building big, complicated projects like Abengoa and Acciona (who have already built and are still building solar thermal projects) and Siemens and Areva (who both acquired solar thermal companies recently).

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