en.Wedoany.com Reported - NOVVA Group has signed a definitive agreement to acquire 100% equity in the San Jose Solar Power Plant project in Bukidnon Province, Mindanao, Philippines. With a peak capacity of 120 megawatts, this Philippine solar project is located in San Jose Village, Quezon City, Bukidnon Province, and marks NOVVA Group's first investment in the country.

The San Jose solar project, sold by Mabuhay Power Holdings Corporation, is currently a utility-scale greenfield solar project. Construction is scheduled to begin in the first quarter of 2027, with commercial operation targeted for 2028. Once operational, the project is expected to generate over 200 gigawatt-hours of electricity annually, which will be integrated into NOVVA Group's energy infrastructure platform in Southeast Asia.

NOVVA Group's operations cover renewable energy generation, flexible power solutions, energy storage, grid connection, and infrastructure financing. With the completion of the acquisition of the 120 MW San Jose solar project, a major new solar project reserve will be added in Mindanao, Philippines, subsequently driving demand for solar modules, inverters, site construction, grid connection, and long-term operation and maintenance.

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