NOVVA Group, a Hong Kong-based renewable energy developer focused on emerging markets, has entered into an agreement to acquire a three-project solar portfolio in Colombia from German renewables developer ABO Energy, the company announced June 22.
Financial terms were not disclosed.
The portfolio carries a combined installed capacity of 37.8 MW alternating current and is located in the Andean highlands of central Colombia. All three projects have secured grid connection approvals and long-term land lease agreements, with commercial operation targeted for early 2028.
NOVVA said the projects are positioned to deliver clean power to Colombia's key economic and industrial centers at a time of growing electricity demand tied to the country's ongoing digital transformation and industrial modernization. The company cited the Colombian government's 2024–2031 National AI Roadmap, which targets AI adoption across 50% of enterprises and public-sector institutions, as a structural driver of long-term power demand.
"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," stated Steven Liu, founder and CEO of NOVVA.
The Colombia acquisition is NOVVA's second cross-border transaction within days. On June 19, the company announced the acquisition of a 120 MW peak solar project in the Philippines, signaling a broader push to build a bankable clean energy platform across high-potential emerging markets spanning Southeast Asia and Latin America.