C/ Rafael Calvo, 42 bajo dcha.
28010 Madrid. España.
Exclama Comunicación Corporativa, S.L.
C/ Bravo Murillo, 127 bajo dcha.
28020 Madrid. España.
Nuova Sede Operativa:
Corso Cairoli, 32. 10123 Torino.
FW Renewable Ventures
44 Montgomery Street, Suite 24000.
San Francisco, CA 94104.
This annual report has been printed on
environmentally-friendly recycled paper.
Letter From The Chairman
Annual Report 08
It gives me great satisfaction to present the annual report and summary of the activity of Fotowatio during 2008.
Since its recent creation, Fotowatio has been involved in a process of continuous growth and adaptation in
a market that is complex, yet at the same time filled with opportunities.
We have conceived and executed many projects. Our experience does not derive from age-old accomplishments,
but from the good use of our time spent gaining new insights since our entry into the electricity production
sector. All of us at Fotowatio can be proud of what we have achieved and that, together, we can successfully
undertake greater challenges.
We have laid the foundations of a solid company, while undertaking initiatives that will assure our long-term
growth in the international solar energy arena. Our recent successes in markets as demanding as the USA and
Italy illustrate our perseverance and dedication to expanding our market presence both in Europe and abroad.
But these achievements and successes should be nothing more than the route we follow to continue learning,
to face up to the changes that will let us improve, to strengthen our business model and consolidate our values.
By doing so, we will place Fotowatio on a path that will together take us far.
We are a company of the future, where we play a pioneering and leadership role worldwide. We are a company
of the future, where we think and invest with long term goals in mind while considering the most important
challenges facing us today. We are a company of the future, because we