Abdul Latif Jameel Energy has strengthened its commitment to renewables by announcing its entry into the wind energy market.
Fotowatio Renewable Ventures (FRV), which was acquired by Abdul Latif Jameel Energy in April 2015, is already the world’s largest GCC-based solar photovoltaic (PV) developer.
Andrea Fontana, the former Managing Director of FRV in Australia, has now been tasked with leading a team to assess and develop wind energy projects in the MENAT region.
Omar Al-Madhi, Senior Managing Director, Abdul Latif Jameel Investments said: “As Saudi Arabia looks into diversifying its energy portfolio as outlined in the Vision 2030 plan, we believe there is significant potential for the addition of wind.”
“There are 40 sites throughout the country that are classified as ideal locations for future wind farms, making wind a viable addition to the energy mix. We hope to be able to support the Saudi government as it assesses the best solutions to reach its clean energy targets.”