NOVVA Group announced that it has entered into a definitive agreement to acquire a Colombian solar portfolio from German renewables developer ABO Energy.
The acquisition marks a significant milestone in NOVVA’s Latin American expansion and strengthens the company’s platform for developing clean energy infrastructure in high-growth emerging markets.
The portfolio includes three advanced-stage solar projects with a combined installed capacity of 37.8 MWac. The projects are located in the Andean highlands of central Colombia, where they benefit from strong solar irradiation, secured approvals for grid connections, and long-term land lease agreements.
Commercial operation for the projects is targeted for early 2028. Once operational, the portfolio is expected to deliver clean and reliable power to key economic and growth centers in Colombia.
NOVVA said the acquisition aligns with rising demand for clean power in Colombia, where digital transformation and industrial modernization are accelerating. The company also cited Colombia’s 2024-2031 National AI Roadmap, which targets AI adoption across 50% of enterprises and public-sector institutions, as a factor supporting long-term demand for energy infrastructure.
The transaction follows NOVVA’s recent acquisition of a 120 MWp solar project in the Philippines. Together, the acquisitions highlight NOVVA’s strategy of deploying bankable clean energy infrastructure across high-potential emerging markets.
NOVVA is a global AI-enabling energy infrastructure platform that originates, finances, builds, and operates clean energy assets across Southeast Asia and Latin America. The company focuses on building reliable energy infrastructure to support rising electricity demand driven by digital transformation and the AI era.
ABO Energy is a renewable energy project developer and constructor based in Wiesbaden, Germany. The company specializes in wind, solar, storage, and hydrogen technologies.
KEY QUOTES:
“Colombia is exactly the kind of market Novva is built to serve. By combining specialised financing with global delivery expertise, we are accelerating the local energy transition and laying the green power foundation that tomorrow’s digital economy and high-growth industries will rely on.”
Steven Liu, Founder and CEO of Novva
“We are delighted to partner with Novva to advance these high-quality assets. Their financing and execution capabilities make them an ideal partner to take the projects forward, driving local growth and accelerating Colombia’s clean energy transition.”
Ingo Burdack-Debes, General Manager at ABO Energy
