Category: Press Releases

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  ...

FRV’s Lilyvale solar plant up and running in Australia

The solar plant will produce enough energy to supply more than 45,000 Australian homes, while avoiding the emission of 175,000 tons of CO2 per year FRV has invested USD 700m in Australia since 2012 Company investing USD 900m worldwide in 2019 alone in strategy to increase installed capacity eight-fold by...

FRV secures financing for La Solanilla Solar Farm in Trujillo, Spain

This project will produce around 103 GWh of clean energy per year – enough to supply 25,000 Spanish homes and reduce gas emissions by 1 kilogram of CO2 per hour. Construction of the plant will begin before the end of 2018 and it is expected to be operational by late...

FRV signs Power Purchase Agreement for its sixth solar project in Australia

FRV has reached an agreement with Snowy Hydro, one of the main electricity generation and retailing companies in Australia Goonumbla Solar Farm will produce enough clean energy to supply more than 45,000 homes and avoid the emission of 140,000 tons of CO2 per year The construction of the solar farm...

FRV announces the opening of its first solar project in India

Andhra Pradesh will power approximately 35,000 households, while avoiding the annual emission of 160,000 tons of greenhouse gases The two plants, with a total area of 100 hectares and located near the city of Bangalore Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, announces the opening...

FRV awarded support for its fifth solar project in Australia

85 MW AC Winton Solar Farm, will produce enough energy to supply approximately 50,000 homes, while avoiding the annual emission of around 150,000 tons of CO2 This project will bring the total value of FRV’s solar investments in the Australian renewable energy sector to around A$850 million Fotowatio Renewable Ventures...

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.

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.

Rafael Benjumea

Founder, FRV

At FRV we have a strong commitment to the economic and social development of the markets and communities in which we operate, and we are pleased to be able to deliver on this commitment through this innovative program.