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NOVVA Group Expands Latin American Footprint with Colombian Solar Buy

NOVVA Group Expands Latin American Footprint with Colombian Solar Buy

Hong Kong-based NOVVA Group has finalized an agreement to acquire three advanced-stage solar projects from German developer ABO Energy, securing 37.8 MWac of capacity in the Colombian Andes to bolster regional energy infrastructure ahead of a 2028 operational target.

The portfolio, situated in the Andean highlands, arrives at a critical juncture for Colombia’s industrial sector. With the government’s 2024–2031 National AI Roadmap aiming for digital integration across half of all enterprises, the demand for stable, clean energy has intensified. NOVVA’s acquisition includes secured grid connections and long-term land leases, positioning the firm to capitalize on the country’s push toward modernization.

Steven Liu, founder and CEO of NOVVA, emphasized that the firm’s strategy focuses on pairing specialized financing with project execution to anchor the digital economy. This transaction follows the company’s recent 120 MWp solar acquisition in the Philippines, signaling a broader strategy to deploy power assets across emerging markets. Ingo Burdack-Debes, General Manager at ABO Energy, noted that NOVVA’s technical and financial capabilities make them the right partner to shepherd these projects through to commercial viability by early 2028.

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