Advancing into Asia
A solar power-plant developer owned exclusively by Abdul Latif Jameel Energy has signalled its ambition to expand and grow eastwards by opening its first office in India.
Fotowatio Renewable Ventures (FRV) has acted quickly after recognising India’s market potential for renewable energy over the coming years. It has appointed José Luis Blasco as Managing Director for the Asia region. He will lead a team of renewable energy experts operating out of the new office in Gurgaon, Delhi.
Blasco said: “India has a clear growth potential. As a developer of solar projects, we want to bring our extensive global knowledge and expertise to the Indian market and play a relevant role in the country’s solar sector.”
The solar industry in India is strongly supported by the national government and state authorities. There are plans to add more than 10 GW of solar power capacity during the fiscal year 2016/17 and to achieve 100 GW of installed solar capacity by 2022.