NOVVA Group ("Novva"), a global AI-enabling energy infrastructure platform, has signed a definitive agreement to acquire a Colombian solar portfolio from German renewables developer ABO Energy. This acquisition marks a significant step in Novva's Latin American expansion.
Portfolio Details and Location
The portfolio consists of three advanced-stage solar projects with a combined installed capacity of 37.8 MWac. These projects are situated in the Andean highlands of central Colombia, an area known for strong solar irradiation. They have secured grid connection approvals and long-term land lease agreements. Commercial operation is targeted for early 2028, aiming to deliver clean, reliable power to Colombia's key economic and growth centres.
Strategic Relevance to Colombia's Digital Transformation
Colombia's accelerating digital transformation and industrial modernisation are driving sustained demand for clean power. The government's 2024-2031 National AI Roadmap targets AI adoption across 50% of enterprises and public-sector institutions, underscoring the long-term need for the infrastructure Novva delivers.
"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," said Steven Liu, Founder and CEO of Novva.
Partnership and Future Plans
"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," said Ingo Burdack-Debes, General Manager at ABO Energy.
This transaction follows Novva's recent acquisition of a 120 MWp solar project in the Philippines, further strengthening its capability to deploy bankable infrastructure across high-potential emerging markets.
About the Companies
Novva (NOVVA Group Pte. Ltd.) is a global AI-enabling energy infrastructure platform that originates, finances, builds, and operates bankable clean energy assets across Southeast Asia and Latin America. As digital transformation drives an unprecedented increase in global electricity demand, Novva scales its clean power capabilities to build the reliable energy foundation for the AI era and beyond. More information is available at www.novvaglobal.com.
ABO Energy is a globally recognised developer and constructor of renewable energy projects headquartered in Wiesbaden, Germany. The company specialises in wind, solar, storage, and hydrogen technologies, managing the full process from site assessment and licensing to engineering, financing, and long-term operational management. More information is available at www.aboenergy.com.
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