- FRV has been awarded 651 GWh/year in the Chilean renewables auction.
- Together with its other projects already awarded in previous years, they exceed 700 MW.
Santiago de Chile, 1st August 2022
Fotowatio Renewable Ventures, a leading developer of sustainable energy solutions and part of Abdul Latif Jameel Energy, has been awarded 651 GWh per year in Chile’s renewable energy auction with a combined wind and PV proposal. FRV has won 12.4% of the energy required in the auction held in the Andean country and which has been led by the National Energy Commission (CNE). The amount awarded corresponds to 100% of the energy offered by FRV.
In the auction, which required a total of 5,250 GWh per year, the company was awarded 31 sub-blocks of the 250 auctioned for the 3 hourly tranches, which means distributing energy 24 hours a day, seven days a week.
Considering the MW awarded in the auction, FRV expects to have a pipeline of more than 2.5 GW under development and construction in Chile.