In Fotowatio Renewable Ventures, known as FRV, we are leaders in providing comprehensive renewable energy solutions across the globe. We believe in improving energy performance and competitiveness and transforming these solutions into the most economic, sustainable and accessible options for our clients, investors, governments and, of course, users.

We believe that the use of renewable energy is the key to our future

The transformation of the energy market, and the increasing shift towards sustainability, will positively impact mankind at all levels, socially, environmentally and economically. For this reason we remain committed to our founding focus: to demonstrate that energy produced through renewable sources is the best possible alternative to fossil fuels thereby contributing to improving and protecting our future.

We pursue success through commitment and innovation; finessing our capabilities and forging a solid path of experience and expertise over the last decade, which forms the foundation of our business today.

As a strong advocate of sustainability, FRV is a young and entrepreneurial business. We have consolidated our position in the renewable energy market due to the transparency and governance of our operations, and the proven results we have achieved.

We are proud that each of our projects has fully delivered on original investment expectations, with regards to both quality and productivity; generating returns for investors and providing energy for consumers at competitive prices.

Building on our established leadership in the solar energy sector, we are now using this as the basis to become a spearhead in the wider renewable energy industry worldwide. The combination of our pioneering spirit and superior technical knowledge allows us to create innovative solutions to drive change for a more sustainable future.

Our Strengths

Our Team

  • A respected international team with more than 120 highly-qualified professionals
  • A continuous quest for attracting and developing talent

Our Reputation

  • A trusted reputation as a leader in our field, with a 10-year proven track record of successfully delivering renewable energy solutions
  • Development and construction of 534 MWp of installed power for the generation of sustainable and clean energy, equating to sufficient energy to power more than 235,000 homes1, and avoid emission of more than 500,000 t CO2
  • Successful project financing of more than USD 2,000m with the financial support of twenty of the world’s leading financial institutions

1Quantity based on the annual average of homes powered per MW by Photovoltaic Solar Energy (PV) in the US.  Solar Energy Industries Association, SEIA
2 Data based on an average of 0.7kg CO2 emissions avoided per KWh and on FRV’s annual energy production in KWh

Our Evolution

  • Expansion into new clean and renewable energy sectors
  • Use of the latest technologies and solutions to design and deliver optimal results
  • Identification, structuring and implementation of the most innovative financing solutions
  • Geographic diversification with 30 plants developed in 24 countries, across 5 continents, operating under business and regulatory environments

Roberto de Diego Arozamena

CEO, Abdul Latif Jameel Energy and Environmental services

FRV has technological and operational independence in their execution, which allows us to always find the best solution for each particular project.

José Benjumea

Founder, FRV

Everything has to change to stay the same. Energy has to be accessible, clean and sustainable, but if it is not affordable, the change will never come.

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

The pioneer spirit is something that has always characterized Rafael and José’s team, from their decision to enter the solar energy business to their expansion to new markets with an aggressive strategy able to capture them.

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