This is rapidly changing – driven by global action to improve energy access and supply, around the world, governments and companies are investing in solar generation capacity on an unprecedented scale.
Abdul Latif Jameel Energy has reaffirmed and underlined our ongoing commitment to driving the transition to sustainable energy and the pressing need to reimagine the very future of energy.
The bold ambition and notable achievements of our flagship global renewable energy solutions business, FRV demonstrates our determination.
FRV has accelerated its’ rapid growth strategy moving from solar PV utility-scale infrastructure developer, towards becoming a 100% renewable energy IPP (Independent Power Producer) in alignment with our core ambition of being a leading player in the world’s transition to a sustainable energy future.
As this acceleration continues, we are today, rapidly developing new capabilities, exploring new emergent technologies and business models, through our specialist FRV-X team, with the goal to transform FRV into a future-oriented comprehensive and cohesive global ‘green energy platform’.
This strategic ambition will be rapidly realized through revenue generation from our own businesses; rotation of existing assets under operation through minority stake sales and pipeline sales; shareholders contributions and the divestiture of assets – reinvesting those funds to accelerate the growth of our ambitious vision and the concrete and timely execution of our plans.
Over the next four-to-six years, FRV expects investment in fixed assets that is set to double the total installed capacity under management by 2024, and we remain committed to accelerate the democratization of renewable energy – increasing accessibility for all.
Learn more about FRV.
annual power output of FRV solar projects in Jordan
global solar energy market by 2016
MENA Solar PV market compound annual revenue growth forecast 2015-20
Abdul Latif Jameel’s 'Perspectives' thought leadership series provides a unique and engaging insight into the challenges and opportunities seen in core developmental business sectors across the rapidly developing Middle East, North Africa and Turkey region, and far beyond.