ABO Wind AG

Novva Group has signed a binding framework agreement to acquire a 3.17GW portfolio of renewable energy projects in Argentina from Germany-based ABO Energy. The agreement was signed in Paris by ABO Energy managing director Karsten Schlageter and Novva founder and CEO Steven Liu, and covers projects currently in the development stage. The transaction will proceed through a confirmatory due diligence process and is expected to be formalised with a share purchase agreement in the coming months. It follows Novva's earlier acquisition from ABO Energy of three solar projects in Colombia with a combined capacity of approximately 40MW. Novva, a Singapore-registered platform focused on data centres and renewable energy infrastructure, said the deal strengthens its Latin America pipeline, while ABO Energy said the sale aligns with its strategy of focusing on core markets.