{"id":7629,"date":"2019-06-24T07:12:20","date_gmt":"2019-06-24T07:12:20","guid":{"rendered":"https:\/\/cms.alj3.clients.lemonhq.io\/quick-reads\/frv-celebrates-10-years-renewable-energy-leader\/"},"modified":"2025-12-09T08:41:46","modified_gmt":"2025-12-09T08:41:46","slug":"frv-celebrates-10-years-renewable-energy-leader","status":"publish","type":"quickreads","link":"https:\/\/cms.alj3.clients.lemonhq.io\/en\/quick-reads\/frv-celebrates-10-years-renewable-energy-leader\/","title":{"rendered":"FRV celebrates 10 years as renewable energy leader"},"content":{"rendered":"\n

Fotowatio Renewable Ventures (FRV) <\/a>is celebrating 10 years of success as a world leader in renewable energy.<\/p>\n\n\n\n

Founded in 2006 and acquired by Abdul Latif Jameel in 2015, FRV is an independent producer of photovoltaic solar, and more recently, wind energy<\/a>.<\/p>\n\n\n\n

Since its establishment, the company has completed the construction, operation, maintenance and financing of over 650 MW of photovoltaic and CSP solar energy<\/a> plants. These projects represent more than US$ 2.5 billion in total financings with more than 20 leading banks.<\/p>\n\n\n\n

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\nFollowing significant growth over the past decade, it now operates across five continents and has a 4.5 GW development portfolio in emerging solar markets.<\/p>\n\n\n\n

In 2016, FRV\u2019s milestones included its first project in Jordan, two new power purchase agreements in Australia and being awarded 300 MW in Mexico\u2019s second power auction.<\/p>\n\n\n\n

Future plans include further expansion in key markets such as Australia, India, Latin America and the Middle East, North Africa and Turkey (MENAT), where the business\u2019s acquisition by Abdul Latif Jameel has helped it to significantly strengthen its presence in the region.<\/p>\n\n\n\n

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Rafael Benjumea, CEO of FRV, said: \u201cWe take great pride in completing a decade as a global leader in the renewable energy market, thanks to the team, clients, suppliers and partners who have made it possible. We want to remain the preferred partner in the energy industry for investors, suppliers and governments, as well as a reference in the renewable energy sector worldwide\u201d.<\/p>\n<\/blockquote>\n\n\n\n

Main milestones<\/strong><\/p>\n\n\n\n

2006<\/strong><\/p>\n\n\n\n