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    FRV signs mega power contract to supply Amazon with five solar farms in Spain

    September 19, 2023 - CE Noticias Financieras


      Fotowatio Renewable Ventures (FRV), part of Abdul Latif Jameel Energy, has signed a mega power purchase agreement to supply Amazon with five solar farms in Spain.

      With one plant already in operation and the remaining four projects expected to be operational by 2024, the solar plants are expected to supply the tech giant with more than 1.5 terawatt-hours (TWh) of clean energy per year, enough to power the equivalent of more than 400,000 European homes.

      "FRV aims to drive innovation and develop solutions that can make renewable energy accessible to everyone," said Fernando Salinas, CEO of FRV Iberia. "This strategic partnership with Amazon will allow us to continue contributing to the decarbonization of the electricity sector and its independence from fossil fuels to drive economic, social and environmental advances for future generations."

      Abdul Latif Jameel has selected Amazon Web Services (AWS) as its preferred cloud provider to power its digital transformation and drive innovation in its core sectors: mobility, energy, healthcare and financial services.

      Abdul Latif Jameel is building a company-wide analytics, machine learning and generative artificial intelligence (generative AI) program powered by AWS to rapidly develop and introduce new applications across a wide range of industries.

      Abdul Latif Jameel will use AWS services such as Amazon Simple Storage Service (Amazon S3) and AWS Lake Formation to collect, catalog and protect financial data, making it available to all of its business units to help drive customer and process improvements. Abdul Latif Jameel will also use Amazon Bedrock, a service that makes foundational models available through an API, to develop generative AI applications that will help automakers deliver digital showroom experiences to customers and improve in-vehicle experiences while reducing development costs.


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