Category: Finance Management

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

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 Celebrates 10th Anniversary as Renewable Energy Leader

  Spanish company Fotowatio Renewable Ventures (FRV) celebrates its 10th year in operation as a world leader in the renewable energy sector. Founded in 2006 in Spain, in only ten years FRV has become a world leader of photovoltaic energy and is now operating across five continents. FRV has completed...

Abdul Latif Jameel strengthens energy business with acquisition of leading solar developer Fotowatio Renewable Ventures (FRV)

Acquisition positions Abdul Latif Jameel Energy and Environmental Services as the largest GCC-based solar PV developer and one of the leading solar PV developers in the world The 100% acquisition includes FRV’s current solar PV pipeline of 3.8 GWdc, proven expertise in solar plant development and in particular its project...

Fotowatio Renewable Ventures (FRV) closes USD 82 million solar PV financing with Inter-American Development Bank

This is IDB’s first financing of a solar PV project in Uruguay and its largest to date for a solar PV project. The deal will refinance a previous loan with the DNB Group and Intesa SanPaolo, allowing FRV to improve its project financing conditions and extend the maturity of its debt until November 2034....

FRV Closes financing to build 65 MW photovoltaic plant in Uruguay

FRV announces financial close of the “Jacinta” solar farm with $70 million of funding from DNB Group and Intesa Sanpaolo. Santander provided an additional funding tranche of $24 million “Jacinta” is one of the largest solar projects in Latin America and the first FRV project in the region Project will...

FRV awarded to develop a 50MW solar photovoltaic project in Uruguay

FRV had been awarded the right to build a 50 megawatt (MW) photovoltaic (PV) facility in Uruguay. The company has been selected within a public tender process led by UTE for the development of this project under a PPA (Power Purchase Agreement) scheme for a period of 30 years. The...

FRV’s 20MW Royalla Solar Farm achieves financial close

FRV has announced that its Royalla Solar Farm project, south of Canberra, achieved Financial Close on August 30 2013 The project is being financed using both equity and a syndicated non-recourse project finance agreement with ANZ and National Australia Bank “This important milestone follows the announcement in September 2012 by...

FRV wins the ACT solar PV auction

FRV, a global solar power company, has been awarded the right to develop a 20MW PV plant in the Australian Capital Territory (ACT) following its success in the reverse Feed in Tariff solar auction conducted by the ACT government. FRV Royalla Solar Farm will comprise approximately 83,000 PV panels and...

MEMC Announces agreement to acquire USA subsidiary of Fotowatio Renewable Ventures

MEMC Electronic Materials, Inc. (NYSE: WFR) and its solar energy subsidiary, SunEdison, today announced a definitive agreement to acquire privately-held Fotowatio Renewable Ventures, Inc. (“FRV USA”), the 100% owned USA subsidiary of Fotowatio Renewable Ventures (“FRV”), a leading global developer, operator and owner of solar power plants. At closing, MEMC...

FRV to sell four photovoltaic power plants in Italy to Munich Re

29.3 MW OF TOTAL POWER Fotowatio Renewable Ventures has announced the sale of four of their plants in Italy. The plants, which are located in Southern Italy, have a total power of approx. 30 MW, and will be acquired by MunichRe through its asset manager MEAG. The PV plants were...

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.

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.

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.