Fotowatio Renewable Ventures (FRV), a leading developer of sustainable energy solutions, and part of Abdul Latif Jameel Energy, announced the opening of its first office in the United Kingdom (UK).
Situated in London and expected to have 15 employees by the end of 2023, the new office will contribute to FRV’s goal of reaching one gigawatt (GW) of installed capacity in Europe by 2025, and will also be home to its Global Batteries Excellence Centre.
The decision to open an office in the UK stems from FRV’s extensive portfolio in the country and its desire to further expand its presence in the country. In the UK alone, FRV currently has more than 80MW of projects in operation, 200MW under construction and more than 1GW under development. During 2022, Contego and Holes Bay, two of FRV’s battery plants in the UK, have been the best performing battery assets in the country according to the data analysis monitoring tool Modo Energy.
Fady Jameel, Deputy President and Vice Chairman, Abdul Latif Jameel said “Through the opening of our first office in the UK, we are setting ourselves ambitious targets to further promote our role in tackling global sustainability challenges and contributing to a better quality of life for future generations. It also underscores our commitment to ensuring our operations contribute to the UK achieving its carbon emissions targets and wider sustainability objectives.”
David Menendez, Managing Director of FRV UK said “The UK is a key market, and the opening of FRV’s office here reflects our commitment to the energy transition and our ambition to lead the transformation to a more sustainable energy model. We are excited to be able to offer our expertise in renewable energy and battery energy storage solutions to the commercial and industrial customers based in the UK, particularly in partnership with Tyler Hill Partners.”
Tristán Higuero, FRV’s Director of Business Development said “With the opening of our London office, we intend to continue contributing to the UK’s energy transition and have up to five GW of battery energy storage projects in the coming years, thanks to the collaboration with Tyler Hill Partners which resulted in the introduction of FRV TH Powertek Limited, a team with over 25 years of experience in the sector and with whom we are joining forces to develop our BESS pipeline here in the UK”.
FRV has recently announced the acquisition of two battery energy storage projects in the UK from RE Projects Development Limited (REPD) with the assistance of Tyler Hill Partners.