The 100% acquisition of Fotowatio Renewable Ventures (FRV) – a leading global developer of solar power plants – in April 2015, followed a year as successful joint venture partners.
This acquisition signifies our commitment to the importance of solar power as part of a range of solutions to the world’s energy challenges. The level of investment being made by Abdul Latif Jameel is indicative of the fact that renewables are practical and viable.
The acquisition also enables Abdul Latif Jameel Energy and Environmental Services to significantly increase its global footprint, and opens the door to the fast developing renewables markets of the Middle East.
“This acquisition signifiesour commitment to the importance of solar power as part of a range of solutions to the world’s energy challenges”.
The creation of what is now the GCC’s largest solar PV developer means that Abdul Latif Jameel Energy now has much greater scope for the innovation, development and implementation of new solar, wind, waste-to-energy, hydro power and environmental services that will go on to form an important part of the world’s important move towards sustainable renewable energy sources, watch our corporate video at alj.com/energy.