Jordan launches its first nanosatellite with the support of FRV

December 4, 2018

  • 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

 

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, has supported the development of Jordan’s first nanosatellite, JY1-SAT. The CubeSat model satellite was launched yesterday from Vandenberg, California. It was constructed as part of a collaboration agreement between FRV, who supported with funding, and the Crown Prince Foundation (CPF), an institution that promotes social, cultural and intellectual initiatives amongst young Jordanians.

The development of the Jordanian CubeSat is the result of deliberate efforts by the CPF’s Masar Initiative to encourage and nurture the talents of young Jordanians in the fields of science and technology. The Initiative was originally inspired by the first Jordanian interns at NASA and, thanks to their vision and knowledge transfer, it was possible for a group of 18 young engineering students today to develop JY1-SAT, in collaboration with academics and consultants. In addition to the satellite, the team of students also built a ground station from where they can conduct satellite operations following the launch.

The mission of the satellite will be to disseminate images of Jordanian archaeological, cultural and tourist sites with ground stations around the world for research and educational projects.

Nicolas Fasquelle, Managing Director of FRV at Middle East and Afica, highlighted: “The promotion of research and educational projects in the countries where we operate is undoubtedly one of key values of FRV. That is why we are proud to support initiatives as worthy as this one, which will recognize the enormous talent and research work carried out by young Jordanians.”

Dr. Tamam Mango, CEO of the CPF, has highlighted FRV’s support for this project: “We appreciate the strategic alliance we have built with FRV, as such partnerships support us in making big progress in achieving CPF’s development objectives as well as fulfill our mission in supporting Jordanian youth.”


Download PDF

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.

José Benjumea

Founder, FRV

We believe that our success needs to have a positive impact in those regions where we operate and that education is the best channel to meet this goal, and to improving the future of those communities that embrace our projects

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.