Abdul Latif Jameel Energy’s subsidiary Fotowatio Renewable Ventures (FRV) has secured a 540GWh hybrid project in Chile that will deliver renewable energy using a combination of solar photovoltaic (PV) and wind energy technologies.
The project is Abdul Latif Jameel Energy’s first hybrid project and is expected to supply power to around 223,973 households annually.
Located between Central and Northern Chile, the project is estimated to reduce greenhouse gas emissions by around 221,400t of carbon dioxide (CO2) per year once in operation.
Abdul Latif Jameel Energy chairman and CEO Mohammed Abdul Latif Jameel said: “Saudi Arabia has already identified windpower as an important future energy source, such with the Domat al-Jandal project in al-Jouf Province, and made it a central a pillar of the National Renewable Energy Programme.
“Windpower is the natural step in our growing portfolio in the renewable energy sector, and we are looking at the potential of more locations for wind energy projects.”
Abdul Latif Jameel Energy CEO Roberto de Diego Arozamena said: “The announcement today builds on Abdul Latif Jameel Energy’s renewable energy and environmental services portfolio.
“As I said at the World Future Energy Summit last year, our strategy is to focus on renewable energies such as solar, wind, waste-to-energy and hydropower alongside integrated environmental services.”