Category: Projects

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...

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 powers the path to independence for women in Sierra Leone at a pioneering Catering School

 FRV installed 16 photovoltaic panels to provide a sustainable, permanent and safe source of electricity to the more than 300 women who are currently studying at the school  This project is part of a collaboration agreement between FRV and Pequeña Nowina, a NGO that works for the dignity...

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 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...

FRV secures financing for Potosí Solar Farm in Mexico

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has reached financial close for the 342 MW dc Potosí Solar Farm in Mexico. FRV has closed the financing agreement with KFW (Kreditanstalt für Wiederaufbau), Bancomext and ING. The project, which will be first to be operated by...

FRV awarded 540 GWh in Chile

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has been awarded 540 GWh of energy in the last tender in Chile. This is the company’s first project in the Andean country, where it started its activities in previous years. FRV obtained in this tender 25% of the...

FRV’s Lilyvale Solar Farm Project Secures Power Purchase Agreement with Ergon Energy

Global utility-scale solar developer, Fotowatio Renewable Ventures (FRV), has announced it has signed a Power Purchase Agreement (PPA) with Ergon Energy, the Queensland Government-owned electricity retailer, for the output from its proposed 100 MWAC (125MW DC) Lilyvale Solar Farm project.   The PPA, which will see Ergon Energy purchase 100...

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.

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.

Marko Kremer

Senior Director, DIF Australia

FRV’s main strength is its ability to develop all processes internally. This provides the knowledge and capacity to anticipate what will happen and explain it clearly.