Fotowatio Renewable Ventures (FRV), part of Jameel Energy, has announced its entry into the Finnish market in collaboration with local operator Will & Must. This partnership aims to develop 600MW of photovoltaic projects, which will enter the “ready-to-build” phase between 2024 and 2026.
Opportunities and Challenges in the Finnish Market
The Nordic countries, notably Finland, are showing a growing commitment to photovoltaics to complement their predominantly wind-powered energy systems. The region offers a vast amount of available land and benefits from unique solar irradiation conditions: more daylight hours in summer, greater intensity of solar irradiation, and the reflective properties of snow that increase this irradiation. What’s more, the efficiency of photovoltaic cells improves in cold environments, making Finland a particularly attractive location for these projects. The country is also a pioneer in clean energy, with electricity generation largely free of fossil fuels.
A Promising Partnership for a Sustainable Future
FRV, with over 50 renewable energy plants built worldwide, is delighted to be working with Will & Must to contribute to a sustainable energy future in Finland. FRV also has a pipeline of over 24 gigawatts (GW) of new projects underway in markets such as Italy, Spain, Greece, Poland, the UK, Chile, Brazil, Australia and New Zealand.
Favorable Conditions and Innovation
The development of these projects in Finland is not without its challenges. Managing planning and construction in diverse climatic environments requires innovative solutions and close coordination with local authorities and communities. However, the potential for growth and innovation in Finland’s photovoltaic sector is immense. Finland’s commitment to renewable energy, combined with FRV and the local infrastructure provided by Will & Must, positions the Nordic countries in the renewable energy market. By collaborating with Will & Must, FRV aims to harness Finland’s solar energy potential to deliver sustainable energy solutions.
