FRV buys majority stake in Greek BESS facility: Spain-headquartered Fotowatio Renewable Ventures (FRV) acquired a majority stake in Greek renewables company Wootis SA’s 600 MW battery energy storage system (BESS) project, according to a company statement. The BESS facility is set to become operational between 4Q 2023 and 2Q 2024, the statement notes. The details of FRV’s investment were not disclosed.

FRV is on a renewables buying streak: FRV — a subsidiary of Saudi solar PV developer Abdul Latif Jameel Energy and Environmental Services — acquired two battery energy storage (BESS) projects in the UK with a combined capacity of up to 100 MW last month. FRV also has five battery energy storage projects in various stages of construction and development with a combined capacity of 340 MW, a company statement notes.