News

FRV to develop energy storage projects globally

December 4, 2019

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

October 31, 2019

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

October 22, 2019

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

September 18, 2019

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

July 29, 2019

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

July 18, 2019

  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

April 10, 2019

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

January 30, 2019

 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...

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...

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

November 15, 2018

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...

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

The pioneer spirit is something that has always characterized Rafael and José’s team, from their decision to enter the solar energy business to their expansion to new markets with an aggressive strategy able to capture them.

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.

Gianfranco Carassale

Lead Investment Officer, Inter-American Investment Corporation (IIC)

They are known for their expertise in solar technology as well as for their deep knowledge of the process, the financial structure and the energy market as a whole. This enables them to be extremely competitive. This way they reach efficiency and maximize profits, developing economically viable projects even at very tight and ambitious price targets.