Tag: Latin America

Fotowatio Renewable Ventures (FRV) closes USD 82 million solar PV financing with Inter-American Development Bank

Latin America, FRV Scholarship, BID, IE University, Photovoltaic Plants, Solar

This is IDB’s first financing of a solar PV project in Uruguay and its largest to date for a solar PV project. The deal will refinance a previous loan with the DNB Group and Intesa SanPaolo, allowing FRV to improve its project financing conditions and extend the maturity of its debt until November 2034....

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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.

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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.

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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.

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