Spanish engineering firm Abengoa (ABG.MC: Quote, Profile, Research) on Thursday said it had signed a deal to build a 280 megwatt solar power plant in the U.S. state of Arizona set to enter service in 2011.
A company statement added that the plant would be the world's largest and that Abengoa had agreed to sell output from the plant to Arizona Public Service for 30 years for more than $4 billion.
Abengoa said that building the plant would depend on current tax breaks for solar power projects in the United States being extended....MORE
