FRV Enters Finnish Market with 600 MW Solar Projects in Partnership with Will & Must

FRV, a leading global renewable energy company and part of Jameel Energy, has announced its entry into the Finnish market through a partnership with local operator Will & Must. The two companies have established a framework development agreement aimed at developing 600 MW of photovoltaic projects up to the “ready to build” phase.

This marks FRV’s first venture into a Nordic country, aligning with Will & Must’s goal to prepare 1,000 hectares of land for solar deployment by 2027. The 600 MW capacity represents several projects at various planning stages, expected to reach the “ready to build” phase between 2024 and 2026.

Nordic countries are increasingly embracing photovoltaics as a complement to their predominantly wind-driven energy systems. The region offers vast tracts of available land and unique solar irradiation conditions, including longer daylight hours in summer, higher solar irradiation intensity, and the reflective properties of snow, which enhance solar efficiency. Additionally, photovoltaic cells perform better in cold environments. Finland is especially attractive as a pioneer in clean energy, with most of its electricity generation already fossil-free.

FRV’s commitment to global renewable energy transition has seen the company expand rapidly, constructing over 50 renewable energy plants across Spain, Australia, Mexico, Italy, the United Kingdom, Armenia, and Jordan. The company also has a pipeline of over 24 GW of new projects in Finland and other markets, including Italy, Spain, Greece, Poland, the UK, Chile, Brazil, Australia, and New Zealand.

“We are delighted to offer our international experience and expertise in a promising new market like Finland. This is one of the most promising markets for renewable energy and we are convinced that our offer will be in high demand,” said Andrea Fontana, Managing Director of FRV Europe.

Matti Parpala, Mikke Vepsäläinen, and Anssi Voipio, the founding team of Will & Must, expressed their enthusiasm: “We are excitedly looking forward to cutting Finland’s emissions and rapidly boosting the overall green transition together with FRV, which brings to the emerging Finnish photovoltaic market an unparalleled amount of experience in large-scale projects. We also strive to develop the projects in close cooperation with different stakeholders. This way, we hope to demonstrate the benefits to local landowners and communities, which in turn should ensure social acceptance so that the projects can be efficiently constructed.”

This strategic collaboration underscores both companies’ dedication to advancing sustainable energy solutions and highlights Finland’s potential as a key player in the renewable energy sector