Abdul Latif Jameel Energy<\/a>.<\/p>\nFRV develops and operates renewable energy projects worldwide and seeks to continue leading the global transition to a more sustainable energy future. FRV has evolved from being a developer to becoming an independent power producer (IPP), aiming to be the world’s leading green energy infrastructure platform. With this investment, FRV is expanding its portfolio to include the commercial and industrial customer segment through ecoligo’s work. So far, FRV has a pipeline of more than 10 GW around 5 continents, including PV Plants, Wind, BESS, Hybrid and Green Hydrogen, and every year helps to avoid more than 1 million tonnes of CO\u2082 being released into the atmosphere.<\/p>\n
<\/p>\n
Global energy transition is being decided in emerging markets<\/strong><\/p>\nSince 2016, ecoligo has been implementing energy-as-a-service projects financed by retail investors who are interested in both impact and return on investment using a digital platform initiated by ecoligo. The solar plants supply companies relying on fossil energy sources with more affordable and sustainable, clean electricity produced in-house. To date, ecoligo has implemented 169 projects with a total output of 82.4 MWp<\/strong> \u2013 more than all the PV plants in Hamburg1<\/sup>. The projects are implemented in emerging markets on three continents so far, where energy demand is quickly rising compared to major industrialized nations. The success of the global energy transition will be determined by whether emerging nations are considered. However, there is a funding gap for solar projects in these countries making access to financing from traditional sources more difficult, which is why ecoligo offers a full-service solution including planning, construction, maintenance, and financing of the plants through retail investors.<\/p>\necoligo and their community of private impact investors are actively protecting the climate, the projects signed so far are going to measurably contribute to CO\u2082 savings of more than 1 million tonnes.<\/p>\n
FRV-X and ecoligo leverage synergies to scale sustainable energy together<\/strong><\/p>\n \n
\n With its focus on commercial and industrial facilities, ecoligo perfectly complements our activities in the field of large-scale solar farms. Our investment in ecoligo is sustainable in two ways, not only in terms of onsite green energy production, but also the democratization of the investment in renewable assets, giving a way to the small investor to take an active role supporting the emerging economies energy transition. The company has proven continuous growing capacity, thanks to the strong development capacities and commitment with the retail investors, which is a sign of long-term success as well as high resilience. <\/div>\n
\n Felipe Hern\u00e1ndez <\/div>\n
\n Chief Innovation Officer in FRV <\/div>\n <\/div>\n \n
<\/p>\n
\n
\n Our investment in ecoligo comes in line with our commitment to support innovative business models in the renewable energy sector whilst still delivering a positive impact. Both FRV-X and ecoligo share the same vision of democratizing the energy transition and creating a clean future for people around the world, and in particular, those in the global south. We will continue to look for opportunities to make impact-driven investments that support our efforts in initiating, driving, and maintaining the green energy transition.\u201d <\/div>\n
\n Fady Jameel <\/div>\n
\n Deputy President and Vice Chairman of Abdul Latif Jameel <\/div>\n <\/div>\n \n
<\/p>\n
![\"ecoligo](\"https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-300x200.jpg\")
<\/p>\n
10 million euros will serve ecoligo\u2019s further expansion and the development of its own digital investment platform<\/strong><\/p>\necoligo will use the investment sum to continue to grow sustainably, to expand existing markets, and effectively drive forward the global energy transition.<\/p>\n
In addition, ecoligo intends to further develop its digital impact investing platform and offer the opportunity to invest in its projects in more countries.<\/p>\n
\n
\n With FRV-X we have found the perfect partner to enable even more companies in emerging markets to access clean energy. Through the alliance, we will not only be able to grow even more, but offer more people the opportunity to contribute to the global energy transition through private investment. <\/div>\n
\n Martin Baart <\/div>\n
\n CEO of ecoligo GmbH <\/div>\n <\/div>\n \n
<\/p>\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
\u2022 Solar-as-a-service provider ecoligo closes \u20ac10 million funding round from FRV-X. \u2022 Investment enables ecoligo to provide solar energy to more companies in emerging markets and take on the climate crisis through accelerated growth. \u2022 Collaboration expands access to clean power and contributes to global democratization of the energy transition. Berlin, October 17th 2022 \u2026<\/p>\n","protected":false},"author":9,"featured_media":17019,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,4],"tags":[72,71,57],"class_list":["post-17018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovacion","category-press-releases","tag-ecoligo","tag-frv-x","tag-investment"],"acf":[],"yoast_head":"\n
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happens here","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/frv.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/frv.com\/#\/schema\/person\/cc8a0abdaae9c766e2b875c29dc3bc51","name":"Guillermo Agull\u00f3 Beltr\u00e1n","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frv.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd4438e09f373ea26a3252ed6d25b05f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd4438e09f373ea26a3252ed6d25b05f?s=96&d=mm&r=g","caption":"Guillermo Agull\u00f3 Beltr\u00e1n"},"url":"https:\/\/frv.com\/en\/author\/guillermo-agullofrv-com\/"}]}},"search_content":"<p>\u2022 Solar-as-a-service provider ecoligo closes \u20ac10 million funding round from FRV-X.<\/p>\n<p>\u2022 Investment enables ecoligo to provide solar energy to more companies in emerging markets and take on the climate crisis through accelerated growth.<\/p>\n<p>\u2022 Collaboration expands access to clean power and contributes to global democratization of the energy transition.<\/p>\n<p><strong>Berlin, October 17<sup>th<\/sup> 2022<\/strong><\/p>\n<p> <\/p>\n<p>Impact investment provider <a href=\"https:\/\/ecoligo.com\/en\/why-ecoligo\/\" target=\"_blank\" rel=\"noopener\">ecoligo<\/a>, a leader in revolutionizing the energy landscape in emerging markets, has successfully closed its \u20ac10 million Series A funding round. New investor is <a href=\"https:\/\/frv.com\/en\/services\/frv-x\/\" target=\"_blank\" rel=\"noopener\">FRV-X<\/a>, venture division of Fotowatio Renewable Ventures (FRV), a world leader in the development of sustainable energy solutions and part of <a href=\"https:\/\/alj.com\/en\/energy-and-environmental-services\/energy-overview\/\" target=\"_blank\" rel=\"noopener\">Abdul Latif Jameel Energy<\/a>.<\/p>\n<p>FRV develops and operates renewable energy projects worldwide and seeks to continue leading the global transition to a more sustainable energy future. FRV has evolved from being a developer to becoming an independent power producer (IPP), aiming to be the world’s leading green energy infrastructure platform. With this investment, FRV is expanding its portfolio to include the commercial and industrial customer segment through ecoligo’s work. So far, FRV has a pipeline of more than 10 GW around 5 continents, including PV Plants, Wind, BESS, Hybrid and Green Hydrogen, and every year helps to avoid more than 1 million tonnes of CO\u2082 being released into the atmosphere.<\/p>\n<p> <\/p>\n<p><strong>Global energy transition is being decided in emerging markets<\/strong><\/p>\n<p>Since 2016, ecoligo has been implementing energy-as-a-service projects financed by retail investors who are interested in both impact and return on investment using a digital platform initiated by ecoligo. The solar plants supply companies relying on fossil energy sources with more affordable and sustainable, clean electricity produced in-house. To date, ecoligo has implemented <strong>169 projects with a total output of 82.4 MWp<\/strong> \u2013 more than all the PV plants in Hamburg<sup>1<\/sup>. The projects are implemented in emerging markets on three continents so far, where energy demand is quickly rising compared to major industrialized nations. The success of the global energy transition will be determined by whether emerging nations are considered. However, there is a funding gap for solar projects in these countries making access to financing from traditional sources more difficult, which is why ecoligo offers a full-service solution including planning, construction, maintenance, and financing of the plants through retail investors.<\/p>\n<p>ecoligo and their community of private impact investors are actively protecting the climate, the projects signed so far are going to measurably contribute to CO\u2082 savings of more than 1 million tonnes.<\/p>\n<p><strong>FRV-X and ecoligo leverage synergies to scale sustainable energy together<\/strong><\/p>\n <div class=\"sh-quote\">\n <div class=\"sh-quote-content\">\n With its focus on commercial and industrial facilities, ecoligo perfectly complements our activities in the field of large-scale solar farms. Our investment in ecoligo is sustainable in two ways, not only in terms of onsite green energy production, but also the democratization of the investment in renewable assets, giving a way to the small investor to take an active role supporting the emerging economies energy transition. The company has proven continuous growing capacity, thanks to the strong development capacities and commitment with the retail investors, which is a sign of long-term success as well as high resilience. <\/div>\n <div class=\"sh-quote-name\">\n Felipe Hern\u00e1ndez <\/div>\n <div class=\"sh-quote-position\">\n Chief Innovation Officer in FRV <\/div>\n <\/div>\n \n<p> <\/p>\n <div class=\"sh-quote\">\n <div class=\"sh-quote-content\">\n Our investment in ecoligo comes in line with our commitment to support innovative business models in the renewable energy sector whilst still delivering a positive impact. Both FRV-X and ecoligo share the same vision of democratizing the energy transition and creating a clean future for people around the world, and in particular, those in the global south. We will continue to look for opportunities to make impact-driven investments that support our efforts in initiating, driving, and maintaining the green energy transition.\u201d <\/div>\n <div class=\"sh-quote-name\">\n Fady Jameel <\/div>\n <div class=\"sh-quote-position\">\n Deputy President and Vice Chairman of Abdul Latif Jameel <\/div>\n <\/div>\n \n<p> <\/p>\n<p><img decoding=\"async\" class=\"alignnone size-medium wp-image-17019\" src=\"https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-300x200.jpg\" alt=\"ecoligo Vietnam\" width=\"300\" height=\"200\" srcset=\"https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-300x200.jpg 300w, https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-1024x683.jpg 1024w, https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-768x512.jpg 768w, https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-1536x1024.jpg 1536w, https:\/\/frv.com\/wp-content\/uploads\/2022\/10\/ecoligo_Vietnam_shot-2048x1365.jpg 2048w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p><strong>10 million euros will serve ecoligo\u2019s further expansion and the development of its own digital investment platform<\/strong><\/p>\n<p>ecoligo will use the investment sum to continue to grow sustainably, to expand existing markets, and effectively drive forward the global energy transition.<\/p>\n<p>In addition, ecoligo intends to further develop its digital impact investing platform and offer the opportunity to invest in its projects in more countries.<\/p>\n <div class=\"sh-quote\">\n <div class=\"sh-quote-content\">\n With FRV-X we have found the perfect partner to enable even more companies in emerging markets to access clean energy. Through the alliance, we will not only be able to grow even more, but offer more people the opportunity to contribute to the global energy transition through private investment. <\/div>\n <div class=\"sh-quote-name\">\n Martin Baart <\/div>\n <div class=\"sh-quote-position\">\n CEO of ecoligo GmbH <\/div>\n <\/div>\n \n<p> <\/p>\n\n<p> <\/p>\n","search_term":"ecoligo, FRV-X, investment","_links":{"self":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/17018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/comments?post=17018"}],"version-history":[{"count":3,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/17018\/revisions"}],"predecessor-version":[{"id":17023,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/17018\/revisions\/17023"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media\/17019"}],"wp:attachment":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media?parent=17018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/categories?post=17018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/tags?post=17018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}