- Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market.
- FRV specified that it targets solar projects and support for farmers and the agricultural sector.
Renewables developer Fotowatio Renewable Ventures (FRV) has declared its entry into the German market. FRV opened its first German office in Munich in December and intends to develop 2GW of solar and energy storage assets in the next four years. The Spanish company said its initial base in Munich would lead the way for more regional rollouts. Its goal is to develop utility-scale and rooftop solar projects and energy storage systems across Germany.
FRV specified that it targets solar projects and support for farmers and the agricultural sector. Last February, the German government announced support for the development of PV projects on agricultural land, with research ongoing to explore the mutual benefits to farmers and power producers of agrivoltaics.
The Managing director Andreas Pfeifer said: “Germany is one of the most important markets for renewable energy and we are convinced that our offer will be in high demand from organisations and companies, such as those in the agricultural sector.”