Fotowatio Renewable Ventures (FRV), part of Jameel Energy, has announced its entry into the Finnish market with local operator Will & Must to develop a 600MW solar pipeline.
These projects are expected to enter the “ready to build” phase over a period of three years, between 2024 and 2026.
FRV’s expansion to Finland marks its first entry to the Nordic countries and highlights its commitment to building a more sustainable future by partnering with industry experts, such as Will & Must, according to the company.
It follows FRV’s move into to the German market last year, where it aims to provide 800,000 homes with solar energy.
FRV Europe managing director Andrea Fontana said: “We are delighted to offer our international experience and expertise in promising new markets, such as Finland.
“This is one of the most promising markets for renewable energy and we are convinced that our offerings will be in high demand.”
The Will & Must founding team Matti Parpala, Mikke Vepsäläinen and Anssi Voipio said: “We are excitedly looking forward to cutting Finland’s emissions and rapidly boosting the overall green transition together with FRV, which brings to the emerging Finnish photovoltaic market an unparalleled amount of experience in large-scale projects.
“This way, we hope to demonstrate the benefits to local landowners and communities, which in turn should ensure social acceptance so that the projects can be efficiently constructed.”
Nordic countries are increasingly committed to photovoltaics and solar power as a complement to their existing, largely wind-driven energy systems, FRV said.
The region offers a vast amount of available land in addition to solar irradiation conditions and more daylight hours on summer days.
It also benefits from a greater intensity of solar irradiation and the reflective properties of snow which acts as a multiplying factor for this irradiation, it added.
Furthermore, the efficiency of photovoltaic cells improves in cold environments.