FRV enters Nordic market with 600MW solar pipeline

Renewable energy developer Fotowatio Renewable Ventures (FRV) has announced its entry into the Finnish solar market with local operator Will & Must.

Together, FRV and Will & Must will develop a pipeline of several photovoltaic projects, which will have a total capacity of 600MW. These projects are expected to enter the ready-to-build phase between 2024 and 2026.

FRV's expansion to Finland marks its first entry to the Nordic countries and follows its expansion to the German market last year.

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Andrea Fontana, managing director of FRV Europe said: “We are delighted to offer our international experience and expertise in promising new markets, such as Finland. This is one of the most promising markets for renewable energy and we are convinced that our offerings will be in high demand.”

Matti Parpala, Mikke Vepsäläinen and Anssi Voipio, the founding team of Will & Must commented: “...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.”

Nordic countries are increasingly committed to solar power and are a good fit for the technology. The region offers a vast amount of available land and good irradiation conditions, especially in summer. The region also benefits from the reflective properties of snow, which acts as a multiplying factor for irradiation. According to FRV, the efficiency of photovoltaic solar cells also improves in cold environments.

FRV is part of independent power producer Jameel Energy and has recently constructed more than 50 renewable energy production plants across Spain, Australia, Mexico, Italy, the United Kingdom, Armenia and Jordan.