Fotowatio Renewable Ventures (FRV), a leading global renewable energy company under 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 to develop 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 of preparing 1,000 hectares of land for solar deployment by 2027. The 600 MW pipeline consists of several projects at various planning stages, expected to reach the “ready to build” phase between 2024 and 2026.
Nordic countries are increasingly incorporating photovoltaics to complement their primarily wind-driven energy systems. The Nordic region offers extensive available land, unique solar irradiation conditions—including longer daylight hours in summer, intense solar irradiation, and the reflective properties of snow—and improved photovoltaic cell efficiency in cold environments. Finland, a pioneer in clean energy with mostly fossil-free electricity generation, is particularly attractive for solar investments.
FRV’s expansion into Finland is part of its broader strategy to lead the global transition to sustainable energy. The company has accelerated its growth in recent years, constructing over 50 renewable energy plants across Spain, Australia, Mexico, Italy, the United Kingdom, Armenia, and Jordan. FRV 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.
By entering the Finnish market, FRV continues its commitment to advancing renewable energy worldwide and contributing to a sustainable energy future.
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