NOVVA Group Acquires 3.17 GW Renewable Energy Portfolio from ABO Energy in Argentina
NOVVA Group has signed an agreement to acquire a significant renewable energy portfolio of 3.17 gigawatts (GW) in Argentina from German developer ABO Energy. This acquisition marks NOVVA's expansion into Latin America and builds on its earlier purchase of three solar projects in Colombia, also from ABO Energy. The deal is expected to strengthen NOVVA’s global energy infrastructure as it aims to power next-generation data centers with clean energy solutions. Steven Liu, Founder and CEO of Novva, emphasized that the acquisition positions the company among top-tier regional renewable platforms and accelerates its role in supporting AI-driven computing demands through scalable wind and solar assets. ABO Energy's Managing Director, Dr. Karsten Schlageter, noted this transaction aligns with their strategy to focus on core markets while continuing a successful partnership with NOVVA.
Topics: acquisition AI infrastructure Latin America expansion renewables