News

FRV & Harmony Energy commission Megapack energy storage project in the UK

July 6, 2020

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...

Goonumbla Solar Plant generates first Kwh of clean energy

May 20, 2020

Our 67.8MW ac Goonumbla Solar Plant in New South Wales, Australia, has started generating its first Kwh of clean energy and it is expected to reach full capacity during the coming months. Once fully operational, the plant will produce approximately 195,000 MWh of clean energy per year. This power output...

FRV’s Solar Farm “La Solanilla” to Supply 35,000 Homes in Spain with Clean Energy

May 18, 2020

The solar farm will produce around 103 GWh of clean energy per year, enough to supply around 35,000 Spanish homes and avoid the emission of 72,000 tons of CO2. La Solanilla will boost Extremadura’s economic development; during the construction phase alone, around 350 jobs were created. As part of FRV’s...

Powering potential: renewable energy in Latin America

March 26, 2020

Latin America grabbed headlines at the United Nations Climate Action Summit in New York in November 2019, when it pledged a collective target of 70% renewable energy use by 2030 – more than double the EU’s target of 32%[1]. According to a report from ABN Amro[2], in 2018 renewables accounted for around...

Australia – A new renewables superpower? Q&A with Carlo Frigerio

March 24, 2020

For a brief moment in November 2019, Australia was a world leader in renewable energy. Data showed that at 11:50 AM on Wednesday, November 6, renewables were providing just over 50% of the power to Queensland, New South Wales, Victoria, Tasmania and South Australia – the five states served by...

FRV signs new power purchase agreement with Snowy Hydro in New South Wales, Australia

March 18, 2020

FRV has reached an agreement with Snowy Hydro, one of the main electricity generation and retailing companies in Australia Sebastopol Solar Farm will produce enough clean energy to supply more than 40,000 homes and avoid the emission of approximately 77,600 tons of CO2 per year, the equivalent of taking about...

FRV secures financing for Winton Solar Farm in Victoria, Australia

February 14, 2020

The project will contribute to the achievement of Victoria’s renewable energy targets and will produce energy to supply more than 52,000 Australian homes, while avoiding the emission of 150,000 tons of CO2 per year As part of FRV’s commitment to promoting a more sustainable energy model, the project and the...

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...

Javier Esquivias

General Deputy Director, Elecnor

They are always a step ahead, and not just in the technical aspect. In addition, they have always been very rigorous and reliable. When they commit to a project, they always go all the way to the end.

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

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.