FRV will support the launch of the first nanosatellite in Jordan

January 17, 2018

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has reached a collaboration agreement to support in financing the launch of the first nanosatellite in Jordan with the Crown Prince Foundation (CPF), a Jordanian institution that supports initiatives by youths in the social, cultural and know-how fields.

The company will provide financial support along with other organizations to one of the most innovative projects in the country, Masar Initiative, which will launch one of the smallest satellite models – the Cubesat. This satellite – called JY1-SAT – will broadcast images of Jordanian touristic and cultural locations. At the same time, will communicate remotely with other ground stations around the world and will contribute to numerous research and educational purposes.

The signature act was represented by Nicolas Fasquelle, FRV´s Managing Director for Middle East and Africa (MEA), Tarek Alsampaile, Head of Development of MEA and Omar Suheimat, Development Manager of MEA. Representing the Crown Prince Foundation, Ms. Nour Abu Ragheb, Acting Chief Executive Officer, hosted the ceremony.

The Masar Initiative was originally inspired by the first Jordanian interns at NASA. Thanks to the transfer of knowledge from these first NASA interns, the nanosatellite has been developed by young engineering students in collaboration with academics and consultants.

Nicolas Fasquelle, FRV´s Managing Director for MEA stated: “We are very pleased to support the Crown Prince Foundation in innovative projects such as the Masar Initiative. This agreement demonstrates the commitment of FRV in Jordan, favoring the social and technological development of the country while supporting youth to carry out groundbreaking projects”.

Ms. Abu Ragheb, Acting CEO of Crown Prince Foundation, thanked FRV for the support: “This agreement is in line with the efforts made by CPF towards cultivating strategic partnerships with various national and global corporations and institutions, for the purpose of fulfilling developmental objectives and supporting Jordan’s youth in enhancing their aptitude and capabilities.”


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Fernando Salinas

Country Manager at Central America Region, FRV

Collectively, we have a target to generate an important project pipeline that could help us achieving our company goals in the region.

Gianfranco Carassale

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

They are known for their expertise in solar technology as well as for their deep knowledge of the process, the financial structure and the energy market as a whole. This enables them to be extremely competitive. This way they reach efficiency and maximize profits, developing economically viable projects even at very tight and ambitious price targets.

Scott Mackin

Managing Partner and Co-President, Denham Capital

We’ve greatly enjoyed our collaborative relationship with the team and look forward to seeing FRV continue its success in the future.