en.Wedoany.com Reported - Novva Group has signed a definitive agreement to acquire a solar project portfolio with a total capacity of 37.8 MWac from German company ABO Energy in Colombia. These projects are located in the central Andean region of Colombia and have obtained grid access approvals and signed long-term land lease contracts.
The projects are distributed across the departments of Boyacá, Cundinamarca, and Santander. They are currently in the late-stage development phase and are expected to commence commercial operations in early 2028. Headquartered in Singapore, Novva describes itself as a global energy infrastructure platform catering to the needs of artificial intelligence, digitalization, and high-growth industries. The company stated that this acquisition is part of its strategy to expand into Latin America and emerging markets with growing demand for clean energy.
Steven Liu, founder and CEO of Novva, stated that Colombia is precisely the type of target market Novva plans to serve. By combining specialized financing with global execution experience, the company is accelerating the local energy transition and laying the foundation for the green energy needed by the future digital economy and high-growth industries. Ingo Burdack-Debes, Managing Director of ABO Energy, noted that Novva has the financing and execution capabilities to advance these assets and contribute to local growth and the energy transition in Colombia.
Prior to this transaction, Novva recently acquired a 120 MWp solar project in the Philippines. The company stated that both deals are part of its strategy to develop bankable renewable energy assets in Southeast Asia and Latin America. ABO Energy, headquartered in Wiesbaden, Germany, primarily develops wind, solar, energy storage, and hydrogen projects. According to the company's own media coverage records, it previously sold a 9.9 MW solar park to ContourGlobal in Colombia. The economic value of this transaction and the specific names of the three projects in the portfolio were not disclosed.
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