With 2GW Solar Power Plans, FRV Enters Germany

Fotowatio Renewable Ventures (FRV) has said that it has entered the German market and intends to develop 2GW of PV projects, Battery Energy Storage Systems (BESS) and renewable installations in the next four years. The company is owned by of Abdul Latif Jameel Energy and Canadian pension fund and infrastructure investor OMERS.

Andreas Pfeifer, Managing Director, FRV German, said, “We are very pleased to now be able to offer our international experience and expertise in the dynamic German market. Germany is one of the most important markets for renewable energy and we are convinced that our offer will be in high demand from organizations and companies, such as those in the agricultural sector.”

FRV offers comprehensive renewable energy solutions, including design, construction and operation of solar farms, rooftop installations and large-scale battery storage systems. Using the latest technologies, It offers its customers high-quality, reliable, and cost-effective solutions in the field of photovoltaics.

Tristán Higuer, FRV Chief Business Development Officer, stated, “By starting our operations in Germany, we aim to contribute to the energy transition and provide 2GW within the next four years for 790.000 households, which means a CO2 emission reduction of 948.000 tons per year.”

FRV said that its German business headquarters were opened in Munich in December 2022 to manage the operational business and the opening of further regional locations will be driven forward from here.

The future projects of FRV Germany will make a substantial contribution to securing the country’s energy supply, added the firm. To this end, it will not only use its know-how in the construction and management of large-scale solar plants, but also its expertise in innovative battery solutions that can store decentrally produced energy in the event of an energy surplus.

FRV is expecting $ 1.5 billion investment in asset and infrastructure that will help double the installed capacity under its management to around 5 GW by 2025. A month ago, FRV had reached a financial close on 300MWac Walla Walla Solar Farm in New South Wales, Australia.