Hong Kong-based NOVVA Group has acquired a 120-megawatt-peak (MWp) solar project in Bukidnon, marking its first investment in the Philippines as it seeks to build a regional power platform aimed at supporting growing electricity demand from artificial intelligence (AI), cloud computing, and digital infrastructure.

NOVVA Group has signed a definitive agreement to acquire 100% of the San Jose Solar Power Plant (SJSP) from Mabuhay Power Holdings Corporation, securing control of a planned 120-MWp utility-scale solar facility in Bukidnon, Mindanao.

The transaction represents NOVVA’s first entry into the Philippine energy sector and forms part of the company’s broader strategy to expand renewable energy and power infrastructure investments across Southeast Asia.

Located in Barangay San Jose, Quezon, Bukidnon, the greenfield solar project is expected to generate more than 200 gigawatt-hours (GWh) of electricity annually once operational. Construction is scheduled to begin in the first quarter of 2027, with commercial operations targeted in 2028.

“Power availability has become one of the defining constraints on future growth. With SJSP, we are securing the strategic infrastructure needed to support the next wave of industrial and digital development,” NOVVA Founder and Chief Executive Officer Steven Liu said.

“By combining disciplined execution with long-term partnerships, Novva is building a reliable clean energy foundation to power the future of Southeast Asia,” he added.

NOVVA said the Bukidnon solar facility will be integrated into its regional energy platform, which includes renewable generation, flexible power solutions, energy storage, grid connectivity, and infrastructure financing capabilities.

The company said the project aligns with the Philippines’ target of increasing the share of renewable energy in the power generation mix to 35% by 2030 while helping address growing electricity requirements from digital industries.

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