Novva Group Expands in Latin America with Acquisition of Colombian Solar Portfolio from ABO Energy
Novva Group, a global AI-enabling energy infrastructure platform, has announced the acquisition of a Colombian solar portfolio from ABO Energy, a German renewables developer. The portfolio includes three solar projects with a total capacity of 37.8 MWac in central Colombia. These projects are strategically located in an area with strong solar irradiation and have secured grid connection approvals and long-term land lease agreements. The commercial operation of these projects is expected to begin in early 2028, providing clean and reliable power to Colombia's key economic and growth centers.
Colombia's increasing digital transformation and industrial modernization have led to a growing demand for clean energy. The government's National AI Roadmap aims to achieve AI adoption in 50% of enterprises and public-sector institutions by 2031, highlighting the importance of the infrastructure provided by Novva. The company's expertise in financing and global delivery positions it well to support Colombia's energy transition and meet the needs of the digital economy and high-growth industries.
Novva's partnership with ABO Energy to advance these solar assets demonstrates their commitment to driving local growth and accelerating Colombia's clean energy transition. This acquisition, along with the recent purchase of a 120 MWp solar project in the Philippines, strengthens Novva's ability to deploy bankable infrastructure in emerging markets. Novva's focus on originating, financing, building, and operating clean energy assets in Southeast Asia and Latin America aligns with the increasing global demand for electricity driven by digital transformation.
ABO Energy, a renowned developer and constructor of renewable energy projects based in Germany, specializes in wind, solar, storage, and hydrogen technologies. The company manages the entire process from site assessment and licensing to engineering, financing, and long-term operational management. Their collaboration with Novva in advancing these high-quality solar assets in Colombia underscores their shared commitment to sustainable energy development.
In conclusion, Novva's acquisition of the Colombian solar portfolio from ABO Energy marks a significant milestone in the company's expansion in Latin America. By leveraging their expertise in financing and execution, Novva is well-positioned to support Colombia's energy transition and contribute to the growth of clean energy infrastructure in the region. This strategic move further strengthens Novva's presence in emerging markets and reinforces its commitment to building a reliable energy foundation for the AI era and beyond.