{
  "id": 7767877,
  "title": "Novva to acquire 3.17GW of Argentine renewable assets from ABO Energy",
  "url": "https://urgent.news/2026/09/16/novva-to-acquire-3-17gw-of-argentine-renewable-assets-from-abo-energy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T10:45:02.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/novva-acquire-3-17gw-argentine-104502063.html"
  },
  "original_language": "en",
  "account": "Novva Group has entered into a binding framework agreement to acquire 3.17GW of renewable energy assets in Argentina from Germany-based company ABO Energy. The deal was sealed in Paris between ABO Energy's managing director Karsten Schlageter and Novva's founder and CEO Steven Liu. The portfolio includes projects that are currently in development stages in Argentina. According to both companies, the transaction will undergo a confirmatory due diligence process before being finalized in the coming months through a share purchase agreement.\n\nThis acquisition follows Novva's earlier purchase of three solar projects in Colombia from ABO Energy, which together have a capacity of around 40MW. Novva is a Singapore-registered platform that specializes in data centers and renewable energy infrastructure. Steven Liu, Novva's CEO, stated that securing this 3.17GW portfolio is a significant step forward for their Latin American pipeline. He added that the acquisition positions Novva among the leading renewable energy platforms in the region and as one of the fastest-growing infrastructure players supporting the AI era.\n\nLiu explained that AI's growing demand for computing power is reshaping the world's energy needs. By assembling high-quality wind and solar assets at scale, Novva can provide the necessary certainty and bankability that the AI economy requires. Novva's operations encompass industrial and financial infrastructure for AI, including services for powered land, international data centers, and powered shell facilities, all of which are supported by renewable energy sources.\n\nThe Argentine acquisition is part of Novva's strategy to expand in emerging markets, particularly in Latin America, and strengthen its position in the sector. ABO Energy expressed that the sale of the Argentine development-stage assets aligns with its broader strategic goals. Karsten Schlageter, ABO Energy's managing director, remarked that the upcoming transaction is consistent with their focus on core markets and thanked Novva for their successful collaboration.\n\nIn December 2025, Fortum acquired a 4.4GW wind energy portfolio from ABO Energy, which consisted of 29 wind power projects in Finland.",
  "summary": null,
  "key_points": [
    "Novva acquires 3.17GW of renewable assets in Argentina from ABO Energy.",
    "Deal finalized in Paris between Novva CEO Steven Liu and ABO Energy's Karsten Schlageter.",
    "Acquisition strengthens Novva's position in Latin American renewable energy sector."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}