Chile to Launch $2 Billion Bill for Large-Scale Energy Storage Systems for 2026-2028 Updated On Mon, Jun 12th, 2023 by Saurenergy The government of Chile has announced plans to introduce a bill this year aimed at procuring large-scale energy storage systems. With an investment of $2 billion, the initiative is set to commence operations in 2026 and will be the largest project of its kind in Latin America. President Gabriel Boric highlighted the necessity of integrating […] Read more
Spain’s Fotowatio Renewable Ventures Acquires Majority Stake in 600 MW Greek BESS Updated On Wed, Nov 9th, 2022 by Saurenergy Sustainable energy solutions developer, Fotowatio Renewable Ventures (FRV), as part of Abdul Latif Jameel Energy, has announced the acquisition of a majority stake in a 600 MW battery electricity storage systems (BESS) project from Wootis SA in Greece. The battery storage is divided into several facilities spread across Greece. Madrid-headquartered FRV said in its official […] Read more
OMERS Private Equity Buys Stake In Solar O&M Company NovaSource Updated On Thu, Aug 11th, 2022 by Saurenergy A minority share in the solar operations and maintenance (O&M) company NovaSource Power Services with headquarters in Arizona has been bought by OMERS Private Equity, a division of the Ontario-focused pension fund OMERS. With more than 20GW of solar and storage assets under management, including residential, commercial, industrial, and utility-scale power facilities spanning North America, […] Read more
JA Solar Supplies 134MW PERC Double-Glass Modules in Jordan Updated On Fri, Nov 22nd, 2019 by Saurenergy Chinese high-efficiency photovoltaic (PV) products maker, JA Solar has supplied an aggregate 134 MW of its PERC double-glass solar modules to a renewable energy project developer, Fotowatio Renewable Ventures (FRV), in Jordan. These modules were supplied for two solar projects, i.e. 67MW dc Mafraq I solar plant and 67MW dc Empire solar plant, which are […] Read more
Fotowatio to Withdraw from Solar Project in India Updated On Tue, Aug 21st, 2018 by Saurenergy Having the FRV’s solar project in Ananthapuramu Solar Park in Andhra Pradesh on sale, Edelweiss Infrastructure Yield Plus Fund and Actis LLP’s Sprng Energy have already indicated interest in acquisition. Arabian clean and renewable energy solutions provider, Fotowatio Renewable Ventures (FRV) has planned to withdraw its only ownership in the Indian solar space. Having the […] Read more
Fotowatio Renewable Ventures Raises $29 Million from IFC to Fund 100 MW Solar Power Projects in Andhra Pradesh Updated On Sat, Apr 29th, 2017 by Saurenergy The Company is building two solar power projects of 50MW each in Andhra Pradesh. The cost of the project is estimated at $119 million which will be funded through a mix of 75 per cent debt and 25 per cent equity. Fotowatio Renewable Ventures (FRV) has raised $29 million (~Rs.1.86 billion) in non-convertible debentures (NCDs) […] Read more
Origin Energy inks deal with Moree Solar Farm to buy solar power output Updated On Thu, Mar 31st, 2016 by Saurenergy Origin Energy has signed an agreement to purchase electricity for 15 years from Moree solar farm in New South Wales. Origin Energy is touting the 15-year power purchase agreement (ppa) as a “landmark”. It is the first agreement that company has struck with a large scale solar facility. Under the agreement the utility will purchase […] Read more
