• Agreement with Crown Prince Foundation to support in funding launch of nanosatellite in first half of 2018
  • Part of Masar Initiative to encourage Jordanian youth in science and technology

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has signed an agreement with the Crown Prince Foundation (CPF) in Jordan to support the launch of the country’s first nanosatellite.  The agreement will see FRV along with other organizations finance and support the launch of the JY1-SAT, a Cubesat model satellite. The satellite, which is part of the CPF’s Masar Initiative, will broadcast images of Jordan’s tourist and cultural sites and communicate with ground stations around the world for research and educational projects.

The signing ceremony was hosted by Ms. Nour Abu Ragheb, Acting Chief Executive Officer of the Crown Prince Foundation, and attended by FRV’s Nicolas Fasquelle, Managing Director for Middle East and Africa (MEA), Tarek Alsampaile, Head of Development of MEA, and Omar Suheimat, Development Manager of MEA.

 The Masar Initiative was inspired by and aims to build on the experience of the first Jordanian interns at NASA. Under this initiative, the nanosatellite has been developed by young engineering students in coll aboration with academics and consultants, in line with the Crown Prince Foundation’s drive to support youth in the social, cultural and know-how fields.

Roberto de Diego Arozamena, Chief Executive Officer of Abdul Latif Jameel Energy, commented: “We are very pleased FRV is supporting the Crown Prince Foundation in this groundbreaking project and to be part of the Masar Initiative. The agreement demonstrates the commitment to Jordan, and strong support for science, innovation, education and technology, which are key to building a sustainable future, and providing opportunities for youth in the country.”

Ms. Abu Ragheb, Acting CEO of the Crown Prince Foundation, thanked FRV for their support, adding: “This agreement is in line with the CPF’s efforts to cultivate strategic partnerships with various national and global corporations and institutions, for the purpose of fulfilling developmental objectives and supporting Jordan’s youth in enhancing their aptitude and capabilities.” 

Abdul Latif Jameel Energy, through FRV, is active in three solar projects in Jordan: Mafraq I and II, and the Al Safawi solar plant, which will power more than 120,000 homes with clean energy.

The announcement coincides with the World Future Energy Summit taking place in Abu Dhabi this week.