NOVVA Group Acquires 120 MWp San Jose Solar Power Plant in Bukidnon, Philippines from Mabuhay Power Holdings
NOVVA Group has signed a definitive agreement to acquire 100% of the San Jose Solar Power Plant, a 120 MWp greenfield solar project in Bukidnon, Mindanao, Philippines, from Mabuhay Power Holdings Corporation. The project is expected to generate over 200 GWh annually, with construction starting Q1 2027 and commercial operation targeted for 2028. This marks Novva's first investment in the Philippines.
Transaction date: · Source: novvaglobal.com
Key facts
- Transaction date
- Technology
- Solar PV
- Capacity
- 120 MW
- Transaction price
- Not disclosed
- Buyer
- NOVVA Group
- Country
- Philippines
- Region
- Bukidnon, Mindanao
- Location
- Barangay San Jose, Municipality of Quezon, Bukidnon, Mindanao, Philippines
- Continent
- Asia
- Development status
- Under Development
- PPA
- n.a.
Technology details
120 MWp greenfield solar PV project. Expected to generate over 200 GWh of clean electricity annually once operational. Construction scheduled to begin in Q1 2027, with commercial operation targeted for 2028.
Additional information
100% acquisition of San Jose Solar Power Plant (SJSP). Marks Novva's first investment in the Philippines, anchoring its regional power platform across Southeast Asia, which combines renewable generation, flexible power solutions, energy storage, grid connectivity and infrastructure financing. Project supports the Philippines' goal of achieving a 35% renewable energy share by 2030 and is positioned to serve growing demand from AI, cloud computing and digital infrastructure in the region.
Source
Original announcement: https://www.novvaglobal.com/index/Article/show/cat_id/4/id/9