Tag: Photovoltaic Plants

FRV wins a 135 MWp power purchase agreement in reverse auction under the National Solar Mission program in India

Fotowatio Renewable Ventures (FRV), a leading global developer of large-scale solar power plants, has been awarded a 135 MW power purchase agreement (PPA) in a reverse auction, conducted by Solar Energy Corporation of India Limited (SECI). The auction falls under the National Solar Mission program which was launched by the...

FRV announces second large-scale solar plant power purchase agreement in Australia with Origin

Fotowatio Renewable Ventures (FRV), a leading global developer of large-scale solar power plants, announces the signing of a second power purchase agreement (PPA) with Origin Energy Limited (Origin), covering 100 percent of the electricity output of FRV’s 100MW Clare Solar Farm. The solar farm will be located outside the township...

FRV announces landmark Moree Solar Farm PPA in Australia with Origin Energy

Fotowatio Renewable Ventures (‘FRV’), a leading global developer of large-scale solar power plants, has entered into a landmark agreement with Origin Energy Limited (Origin), signing a 15-year power purchase agreement which covers 100 per cent of the output from FRV’s recently commissioned 56 MW Moree Solar Farm. Located in northern...

FRV commences operation of Uruguay’s first utility-scale solar plant, La Jacinta

Fotowatio Renewable Ventures B.V. (FRV), a leading global developer of utility-scale photovoltaic (PV) solar power plants, has completed the construction of ‘La Jacinta’ solar plant in Uruguay. The project is the first large-scale solar plant in Uruguay and one of the largest solar PV projects in Latin America. ‘La Jacinta’...

FRV completes sale of Royalla solar power plant in Australia

Fotowatio Renewable Ventures (‘FRV’), a leading global developer of large-scale solar power plants today announced the sale of 100% of its equity interest in the iconic Royalla Solar Farm, a 20 MW ac photovoltaic solar plant in the Australian Capital Territory (ACT), to DIF, an independent fund management company. Developed...

Abdul Latif Jameel strengthens energy business with acquisition of leading solar developer Fotowatio Renewable Ventures (FRV)

Acquisition positions Abdul Latif Jameel Energy and Environmental Services as the largest GCC-based solar PV developer and one of the leading solar PV developers in the world The 100% acquisition includes FRV’s current solar PV pipeline of 3.8 GWdc, proven expertise in solar plant development and in particular its project...

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

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....

FRV’s 20MW Royalla Solar Farm achieves financial close

FRV has announced that its Royalla Solar Farm project, south of Canberra, achieved Financial Close on August 30 2013 The project is being financed using both equity and a syndicated non-recourse project finance agreement with ANZ and National Australia Bank “This important milestone follows the announcement in September 2012 by...

FRV and Italgen: connect a 6MW Photovoltaic plant to the grind in an old quarry in Emilia Romagna

The facility means an investment of EUR 20 million The work was finished two months ahead of schedule FRV (Fotowatio Renewable Ventures), the leading Spanish multinational in the solar-power sector, and Italgen, a company in the Italcementi Group dedicated to electricity generation and distribution in international markets, have finished work...

Javier Esquivias

General Deputy Director, Elecnor

FRV has always been a pioneer. From the first time they came to us 10 years ago, they really made an impact with their vision and La Magascona, which was a project of a huge magnitude at that time.

Rafael Benjumea

Founder, FRV

At FRV we have a strong commitment to the economic and social development of the markets and communities in which we operate, and we are pleased to be able to deliver on this commitment through this innovative program.

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.