Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has been awarded a groundbreaking 540GWh hybrid solar-wind energy contract in Chile, reflecting its commitment to providing citizens around the world with clean energy.
The project, which is the Company’s first hybrid wind-solar project, and also its first development in Chile, will combine photovoltaic solar and wind energy technologies. It will be FRV’s third major site in Latin America, following its operations at La Jacinta solar plant in Uruguay and Potosí solar plant in Mexico.
Rafael Benjumea, CEO of FRV, said: “This award is great news for FRV’s expansion plans, due to Chile’s economic and political stability, and the proven experience of the Chilean administration in initiatives of this magnitude.
“Our goal is to continue leading the renewable industry worldwide and to continue to grow in new markets that offer future development opportunities in our sector.”
Since 2006, FRV has completed the construction, operation, maintenance, and financing of more than 780 MWdc of photovoltaic and CSP solar energy plants – representing more than US$ 2.5 billion in total project financing.
Andrea Fontana, Managing Director of FRV’s Wind Energy division, said: “Solar and wind technologies have many similarities and a high degree of maturity, which is allowing us to lead the transition to clean energy throughout the world.
“At FRV, we understand wind power as the natural progression of our consolidated experience in the solar energy sector, and we will continue to bet on it.”
See more in the article on hybrid technologies.