News

Jordan launches its first nanosatellite with the support of FRV

December 4, 2018

FRV supported in funding the country’s ground-breaking project as part of a collaboration agreement with the Crown Prince Foundation  JY1-SAT, a CubeSat model satellite, was researched and developed by a group of young Jordanian engineering students Part of Masar Initiative to encourage Jordanian youth’s interest in innovation and space technology...

FRV secures financing for La Solanilla Solar Farm in Trujillo, Spain

November 15, 2018

This project will produce around 103 GWh of clean energy per year – enough to supply 25,000 Spanish homes and reduce gas emissions by 1 kilogram of CO2 per hour. Construction of the plant will begin before the end of 2018 and it is expected to be operational by late...

FRV signs Power Purchase Agreement for its sixth solar project in Australia

November 5, 2018

FRV has reached an agreement with Snowy Hydro, one of the main electricity generation and retailing companies in Australia Goonumbla Solar Farm will produce enough clean energy to supply more than 45,000 homes and avoid the emission of 140,000 tons of CO2 per year The construction of the solar farm...

FRV announces the opening of its first solar project in India

October 22, 2018

Andhra Pradesh will power approximately 35,000 households, while avoiding the annual emission of 160,000 tons of greenhouse gases The two plants, with a total area of 100 hectares and located near the city of Bangalore Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, announces the opening...

FRV awarded support for its fifth solar project in Australia

September 12, 2018

85 MW AC Winton Solar Farm, will produce enough energy to supply approximately 50,000 homes, while avoiding the annual emission of around 150,000 tons of CO2 This project will bring the total value of FRV’s solar investments in the Australian renewable energy sector to around A$850 million Fotowatio Renewable Ventures...

FRV awarded 55 MW in Armenia to develop its first solar project in the country

July 2, 2018

The Masrik-1 plant will power 21,400 Armenian homes and will reduce greenhouse gas emissions by approximately 54,000 tons of CO2 into the atmosphere each year With an approximate area of 100 hectares, it is expected to begin construction in early 2019 and be operational by the end of 2020 Fotowatio...

FRV recognizes students’ excellence with Young Talented Leaders scholarships

May 28, 2018

Thanks to this program, developed in collaboration with IE Foundation, two Mexican and Jordan grant holders will pursue their studies at the IE University These grants are awarded as part of FRV’s commitment to economic and social development in the markets and communities in which it operates Fotowatio Renewable Ventures...

FRV secures financing for Potosí Solar Farm in Mexico

January 18, 2018

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has reached financial close for the 342 MW dc Potosí Solar Farm in Mexico. FRV has closed the financing agreement with KFW (Kreditanstalt für Wiederaufbau), Bancomext and ING. The project, which will be first to be operated by...

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....

FRV awarded 540 GWh in Chile

January 16, 2018

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has been awarded 540 GWh of energy in the last tender in Chile. This is the company’s first project in the Andean country, where it started its activities in previous years. FRV obtained in this tender 25% of the...

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.

Gianfranco Carassale

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

Despite their size, they have been competing closely in bids with firms, which had different structures and abilities. This certainly shows their ability to be a strong market competitor. FRV has been a pioneer in market segments where no one had been before, and that has a lot of value.

Javier Esquivias

General Deputy Director, Elecnor

FRV has always been a pioneer. From the first time they came to us 10 years ago, they really made an impact with their vision and La Magascona, which was a project of a huge magnitude at that time.