The renewable energy sector is growing at a rapid rate as societal and environmental needs create an ever-increasing demand in this innovative industry. Abengoa has been instrumental in shaping and influencing this space with the company developing industry-leading renewable energy technology.

Manuel Sánchez Ortega, CEO of Abengoa, has been with the company for 25 years and steered it as CEO during the volatile economic recession. For the past five years, Manuel has ensured that Abengoa has not only survived but has thrived in this harsh environment with a creative restructure of its financial system and a strengthening of its core mission and values. Manuel recently sat down with The CEO Magazine to discuss the electrifying opportunities and developments that Abengoa is creating in the renewable energy sector.

The CEO Magazine: How is Abengoa working to make renewable energy more competitive and more efficient? What alternatives are you working on to reduce our energy use?

Manuel: We are doing the only thing that can be done to effectively reduce the cost of renewable energies, which is to invest in innovation and research and development. We have been increasing, year after year, the amount that we invest in our R&D centres, trying to get higher efficiencies in the processes that we’re managing.