Since the founding group was created in 2006, the entrepreneurial spirit of our founders, which has underpinned our dynamic growth, is still at the core of our business today. This spirit, combined with our experience, technical expertise and commitment to delivery, will continue to drive our business in the future.
We have built a solid reputation as a highly professional and credible business amongst our key stakeholders groups, including investors and governments.
The results we have achieved over the last decade are a source of pride for us, and they serve as an encouragement for us to continue to face any challenges that the future may bring with optimism.
The foundation Group is created
First project in construction: La Magascona (Spain), with 23 MW dc the largest PV plant in the world at that time
Qualitas Venture Capital (QVC) backs the development of the company and co‐invests with the founding team in a number of solar photovoltaic (PV) energy projects.
FRV becomes the first developer of large-scale solar energy projects in Spain
Creation of the Asset Management Department
FRV develops its first portfolio of energy projects in Europe
FRV develops its first portfolio of energy projects in Europe and USA
Fundraising round is completed with two institutional investors: General Electric Energy Financial Services (GE EFS) and Grupo Corporativo Landon
FRV becomes the first solar PV Independent Power Producer (IPP) in the USA
Acquisition of MMA Renewable Ventures, a leading USA-based solar energy developer
FRV becomes the first solar PV Independent Power Producer (IPP) in the USA
First FRV project commences, acting as developers and EPC (Engineering, Procurement, Construction)
Sale of the businesses in Italy the USA and CSP
Awarded flagship project in Australia in partnership with BP
FRV starts providing AM services to MEAG in Italy
FRV becomes a leading PV Independent Power Producer (IPP) worldwide
Second phase of FRV’s international expansion commences, with projects explored in emerging markets
First solar PV project pipeline developed in Australia (PPA of Royalla, 24 MW dc)
Expansion of operations to Middle East, Africa and Latin America (Uruguay, Mexico and Brazil)
A third fundraising round is completed with Denham Capital Management LP (Denham)
First solar PV pipeline developed in Latin America
Financial Close of Royalla, the largest PV project in Australia at that time
FRV becomes a leading solar energy developer in emerging markets
24 MWp becomes fully operational in Australia
Significant global expansion of the project pipeline commences
Financial Close and beginning of construction of 70 MW dc in Australia (Moree, flagship project) and 65 MW dc in Latin America (La Jacinta)
FRV acquired by ALJ Global Energy DMCC in March 2015
65 MW dc (La Jacinta) become operational in Latin America
Sale of Royalla (24 MW dc) in Australia
New Power Purchase Agreements (PPA) signed in Jordan
Sale of 24 MWp from Royalla solar farm, Australia
PPA of 195 MW dc in Australia (Moree and Clare)
PPA of Andhra Pradesh (138 MW dc) in India
FRV enters the Mexican Market with 342 MW dc (Potosí Solar)
Expansion to wind
Financial Close and beginning of construction of Mafraq I and Mafraq II in Jordan (132 MW dc)
PPA and FC of 125 MW dc in Australia
Sale of 65 MW dc in Uruguay (La Jacinta)
Financial Close and beggining of construction of Mafraq I and Mafraq II in Jordan
FC and sale of 125 MW dc in Australia (Clare)
Awarded 200 MW in Chile in the first hybrid solar-wind project
Financial Close of 342 MW dc in Mexico (Potosí)
Financial Close of 66 MW dc in Jordan (Safawi)
55 MW dc awarded in Armenia
FRV signs two PPAs in Australia for 183 MW dc
139 MW dc start operations in India (Andhra Pradesh)
Financial Close of 50 MW dc in Spain (La Solanilla)
Decision to change business model and become an IPP keeping the ownership pf the projects
Awarded first merchant Project in Mexico (Potrero, 296 MW dc)
Lilyvale (125 MW dc) starts operations in Australia
Al Safawi (66 MW dc) in Jordan starts operations
Financial Close of Potrero solar farm in Mexico (296 MW dc)
Team dedicated to exploring the storage and battery space. First battery project.
Financial close and PPA for new projects in Australia
La Solanilla Solar Plant (50 MW dc) begins operations
