Category: Press Releases

Powering potential: renewable energy in Latin America

Latin America grabbed headlines at the United Nations Climate Action Summit in New York in November 2019, when it pledged a collective target of 70% renewable energy use by 2030 – more than double the EU’s target of 32%[1]. According to a report from ABN Amro[2], in 2018 renewables accounted for around...

Australia – A new renewables superpower? Q&A with Carlo Frigerio

For a brief moment in November 2019, Australia was a world leader in renewable energy. Data showed that at 11:50 AM on Wednesday, November 6, renewables were providing just over 50% of the power to Queensland, New South Wales, Victoria, Tasmania and South Australia – the five states served by...

FRV signs new power purchase agreement with Snowy Hydro in New South Wales, Australia

FRV has reached an agreement with Snowy Hydro, one of the main electricity generation and retailing companies in Australia Sebastopol Solar Farm will produce enough clean energy to supply more than 40,000 homes and avoid the emission of approximately 77,600 tons of CO2 per year, the equivalent of taking about...

FRV secures financing for Winton Solar Farm in Victoria, Australia

The project will contribute to the achievement of Victoria’s renewable energy targets and will produce energy to supply more than 52,000 Australian homes, while avoiding the emission of 150,000 tons of CO2 per year As part of FRV’s commitment to promoting a more sustainable energy model, the project and the...

FRV to develop energy storage projects globally

The Company’s strategic plan includes long-term investments in the development of battery energy storage projects to support the increasing penetration of renewables in the energy mix. The first project will be carried out with British developer Harmony Energy, supporting the development of what will be one of the largest battery...

FRV inaugurates two 50 MW photovoltaic solar plants in Jordan

The Mafraq I and Empire photovoltaic solar plants generate approximately 1.5 per cent of Jordan’s total power generation capacity: enough to supply more than 40,500 homes per year and equivalent to removing more than 44,000 cars from the country’s roads.   The solar plants represent a total investment of US...

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...

FRV secures financing for Potrero Solar, one of the largest bifacial PV projects worldwide

The project will produce around 700 GWh of clean energy per year, enough to supply 350,000 Mexican homes and reduce the emission of 345,000 tons of CO2 each year Construction of the plant began in May and it is expected to be operational by mid-202 Potrero will favor the economic...

FRV signs a green credit line for €60 M with BBVA

The guarantee has a €60M limit, and it is to be used for green initiatives and projects. (The credit line has a guarantee limit of €60 M to be used for green initiatives and projects) This agreement enables FRV to keep giving access to cleaner, more efficient competitive energy The...

FRV secures financing for Goonumbla Solar Farm in New South Wales, Australia

  The plant is expected to commence operations in 2020 and will produce energy to supply more than 45,000 Australian homes, while avoiding the emission of 140,000 tons of CO2 per year   FRV signed a Power Purchase Agreement (PPA) for the project with Snowy Hydro in late 2018  ...

José Benjumea

Founder, FRV

Everything has to change to stay the same. Energy has to be accessible, clean and sustainable, but if it is not affordable, the change will never come.

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.

Javier Esquivias

General Deputy Director, Elecnor

They are always a step ahead, and not just in the technical aspect. In addition, they have always been very rigorous and reliable. When they commit to a project, they always go all the way to the end.