Category: Innovation

IFC, EBRD, and EU Partner with Fotowatio Renewable Ventures to Support First Solar Plant in Armenia

IFC, a member of the World Bank Group, the European Bank for Reconstruction and Development (EBRD), and the European Union (EU) have signed on to support the development of the first utility-scale solar power plant in Armenia, which is also the first for the Caucasus. The 55-megawatt power plant facility,...

FRV & Harmony Energy commission Megapack energy storage project in the UK

The joint project by global renewables leader FRV and British developer Harmony Energy is the development of one of the largest battery energy storage plants in the South of the UK. Commissioned on July 5th, the system of lithium-ion batteries has a combined capacity of 15 MWh connected to the...

Founders of J-PAL, supported by Community Jameel, receive the Nobel Prize in Economics

Abhijit Banerjee and Esther Duflo, co-founders of the Abdul Latif Jameel Poverty Lab, have been awarded the Nobel Prize in Economics 2019 for “their experimental approach to global poverty alleviation”. Abdul Latif Jameel Poverty Lab (J-PAL) is a laboratory of ideas supported by Community Jameel, that encourages the development of...

Jordan launches its first nanosatellite with the support of FRV

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 awarded a 300 MW solar project in Mexico’s second electricity market auction

Fotowatio Renewable Ventures (FRV), a leading global developer of large-scale solar power plants, has been awarded a 300 MW solar project in the second electricity market auction, conducted by the National Energy Control Center (CENACE) of Mexico. With this agreement, FRV extends its global footprint into the Mexican market at...

FRV Consortium wins bid to develop Australia’s first large-scale solar power station

Global power company Fotowatio Renewable Ventures (FRV) is pleased to announce with its consortium partners BP Solar and Pacific Hydro that it has won an Australian Government tender to build and operate Australia’s first large-scale solar power station. The 150 megawatt (MW) photovoltaic (PV) facility will be located in the...

FRV to install technology to optimize solar projects in Spain

Fotowatio Renewable Ventures (FRV) announced today that it will install technologyto integrate, manage and monitor all its solar photovoltaic power plants in Spain, to optimize their performance. FRV awarded a joint venture formed by ENERTIS SOLAR, a leading solar quality control consultant, and SATEC, a technology integrator, a EUR 5...

FRV will duplicate total installed power in 2010

The company initiates activity in the thermosolar energy sector with two 100 Mw projects The company also been awarded contracts for the development of three photovoltaic solar energy installations totalling more than 16 MW FRV’s estimated sales increased to EUR 78 million during 2009 and an estimated EBITDA of EUR...

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.

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.