FRV and the IE Foundation reward young Spanish talent with the Young Talented Leaders Scholarship

Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy and a leading global developer of renewable utility-scale projects, has announced the financial close for Potrero, the company’s second solar farm in Mexico.

Fotowatio Renewable Ventures (FRV), a leading global developer of renewable utility-scale projects, and part of Abdul Latif Jameel Energy has announced a new Young Talented Leaders scholarship will be awarded for a student from Extremadura, Spain. This program, in collaboration with the IE Foundation, rewards the excellence of young students in those countries where FRV develops its renewable energy projects.

The grant announced recently is related to the ‘La Solanilla’ solar project (50 MWdc) currently under development in the Spanish region of Extremadura. Both FRV and IE Foundation provide the scholarship to a student from Extremadura to carry out his/her undergraduate studies at IE University.

Rafael Rodríguez de la Cruz, General Secretary of Education of the Junta de Extremadura, Geoffroy Gérard, General Director of the IE Foundation and Andrea Fontana, Operations Managing Director of FRV Europe participated in the presentation of the scholarship in Merida.

The scholarship, (part of the Young Talented Leaders Scholarship program of IE Foundation), is integral to FRV’s ongoing commitment to contribute to the economic and social development of the communities in which it operates. The grant, valued at more than € 100,000, will cover all the expenses derived from the training: tuition, accommodation, academic material, and will offer financial support for travel and maintenance expenses during the four years of the Degree at IE University.

Over the past five years, IE Foundation and IE University have allocated approximately 15 million Euros per year for scholarships to more than a total of 6,000 students from +150 countries. The IE “Talent without Borders” scholarships program, of which the FRV Young Talented Leader Scholarships for Extremadura is the newest component, aims to provide a wide range of scholarships and grants to individuals from diverse cultural and socioeconomic backgrounds.

Since 2015, FRV has awarded several young students from Uruguay and Jordan through the Young Talented Leaders program. With this new scholarship, there are already 5 students that will be part of this project that rewards academic merit and excellence.

Rafael Rodríguez de la Cruz, Secretary General of Education of the Junta de Extremadura, thanked the company´s commitment to the educational community of the region “Although the Ministry of Education and Vocational Training and the Regional Department of Education and Employment convene each year university scholarships to cover the costs of registration and stay, the collaboration of private companies and other entities that bet on the talent of our youth is always welcome.”

Geoffroy Gérard, General Director of the IE Foundation mentioned that “Our mission as a foundation is to break barriers and empower the best talent to access higher education and impact afterwards their region, their country and society as a whole. Counting on the support of companies such as FRV and their partners in making it possible and impact such a promising region as Extremadura, it’s for us a real pleasure.

Andrea Fontana, Operations Managing Director of FRV Europe highlights “This program shows FRV’s commitment to the educational community of the region and especially to young talent. Thanks to the support of the IE Foundation and the Junta de Extremadura, we will contribute to the recognition of academic excellence and offer young people the opportunity to carry out their studies at a reputable university in Spain.”

Sustainable project in Extremadura

‘La Solanilla’ solar plant (50 MWdc) will be located in the town of Trujillo, 50 kilometers from Cáceres, a province in the region of Extremadura. It will generate 103 GWh of clean energy per year, enough to reach around 25,000 Spanish homes and avoid the emission of 1 kilogram of CO2 per hour. The plant is expected to be operational by the beginning of 2020.

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