NOVVA Group Acquires 37.8 MW Colombian Solar Portfolio from ABO Energy

The partnership ensures the continued progress of renewable energy resources in Colombia.

NOVVA Group, a Singapore-based clean energy infrastructure platform, has signed a definitive agreement to acquire a Colombian solar portfolio from ABO Energy, the German renewables developer announced June 22.

The portfolio comprises three advanced-stage solar projects with a combined installed capacity of 37.8 MWac, located in the Andean highlands of central Colombia. The projects have secured grid connection approvals and long-term land lease agreements; commercial operation is targeted for early 2028.

Solar panels arranged together in a solar farm. The NOVVA deal by ABO Energy showcases the Singaporean company’s expansion strategy. Stock photo by Solar Energy/solarpanal355 via Pixabay.

A ‘Milestone’ in Energy Expansion

NOVVA describes the acquisition as a milestone in its Latin American expansion, citing Colombia’s accelerating demand for clean power driven by digital transformation and industrial modernization. The government’s 2024–2031 National AI Roadmap targets AI adoption across 50% of enterprises and public-sector institutions, the company said.

“Colombia is exactly the kind of market Novva is built to serve. By combining specialized 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 Group.

Ingo Burdack-Debes, General Manager at ABO Energy, said the transaction advances high-quality assets with a partner capable of executing on financing and construction. “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,” he said.

NOVVA Expands Into Multiple Markets

The Colombian deal follows NOVVA’s recent acquisition of a 120 MWp solar project in the Philippines, expanding its footprint across emerging markets in Southeast Asia and Latin America. NOVVA Group Pte. Ltd. originates, finances, builds, and operates clean energy assets across both regions.

ABO Energy is headquartered in Wiesbaden, Germany, and develops wind, solar, storage, and hydrogen projects globally, managing the full project lifecycle from site assessment through long-term operations.

Headline image description: Solar energy panels in an open field. The new deal between NOVVA and ABO Energy ensures the progress of renewable energy resources in Colombia. Stock photo by Sebastian Ganso via Pixabay.