Andhra Pradesh

Photovoltaic Plant

Andhra Pradesh / India
Peak Power: 138.00 MWp
Annual Production:238,000 MWh/Year
CO2 Avoided:190,000 t/Year
Households Supplied: 35,000 Homes
Surface: 100.00 Hectares
Operation Date: 2017
System Type:Fixed Tilt
Project Status: In Operation
Plant Owner: FRV
FRV Role:
  • Development
  • Financing
  • Construction

“The following Summary of Investment Information (SII) and Environmental and Social Review Summary (ESRS) is disclosed in accordance with IFC’s Access to Information Policy (AIP) that went into effect on January 1, 2012. Details for the proposed transaction can also be accessed at IFC website”.

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.

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.

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.