News

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...

Agreement finalized for Lilyvale Solar Farm that will power 45,000 Australian homes

September 28, 2017

FRV’s total investment in the country amounts to approximately A$ 700 million Second large-scale FRV solar project in Australia to be financed without any Government grant funding FRV will have installed one million solar panels in Australia Fotowatio Renewable Ventures (FRV) a leading global utility-sacale solar developer, has announced the...

FRV secures financing for third Jordan solar project

September 18, 2017

Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has announced it has reached financial close for a third project in Jordan, strengthening its presence in the country and helping the government deliver its ambitious renewable energy plan. FRV has closed financing with the European Bank for Reconstruction and...

FRV signs an agreement with Lighthouse Infrastructure and DIF for the sale of the Clare solar plant in Australia

June 1, 2017

Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has signed a sale agreement with a consortium consisting of Lighthouse Infrastructure and DIF for the 100 MW AC (125 MW DC) Clare solar plant in Australia, which will continue to be operated and maintained by the company. Developed by...

FRV begins construction of two solar PV plants in Jordan

May 30, 2017

Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has celebrated the symbolic laying act of the Foundation Stone of the solar PV plants Mafraq I and Mafraq II. The ceremony marks the beginning of the construction of both projects in Mafraq, one of the areas with the highest...

FRV reaches financial close for two solar PV projects in Jordan

March 27, 2017

FRV, a leading global utility-scale solar developer, has announced the financial close of two of the four projects awarded in the second round of Jordan’s solar independent power producer (IPP) tender. The announcement coincides with the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al...

FRV signs an agreement with Invenergy for the sale of La Jacinta solar plant in Uruguay

March 14, 2017

Fotowatio Renewable Ventures (FRV), a leading global utility-scale solar developer, has signed an agreement with Invenergy, a privately-held company that develops, owns and operates utility-scale renewable energy projects and storage facilities, for the sale of the 65 MWdc La Jacinta solar plant in Uruguay, one of the largest photovoltaic (PV)...

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.

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.

Scott Mackin

Managing Partner and Co-President, Denham Capital

Denham Capital has been proud to partner with the team at FRV for nearly three years in this very successful investment. Rafael, José and their colleagues have captured a leading position in key emerging markets where solar undercuts the marginal cost of electricity.