en.Wedoany.com Reported - NOVVA Group has acquired a three-project solar portfolio in Colombia from German renewable energy developer ABO Energy. The Colombian solar portfolio has a total capacity of 37.8 MW AC, with the projects located in the Andean Plateau region of central Colombia, currently in the late-stage development phase.

These three solar projects have obtained grid connection approvals and completed long-term land lease arrangements. The projects aim to achieve commercial operation by early 2028, subsequently supplying clean electricity to major economic centers in Colombia. ABO Energy believes that NOVVA Group has the project financing and execution capabilities to advance these assets into the construction and operational phases.

This transaction continues NOVVA Group's strategy of acquiring renewable energy assets in emerging markets. With the completion of the 37.8 MW three-project solar portfolio acquisition, the Colombian solar market will create new project development opportunities in areas such as small-scale centralized power station development, grid connection access, land leasing, project financing, and long-term electricity sales.

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