Novva acquires 120MWp San Jose Solar Power Plant in the Philippines

Type: Acquisition · Technology: Solar · Country: Philippines · Capacity: 120 MWp · Announced: 2026-06-19

Energy infrastructure developer Novva Group acquired the 120MWp San Jose Solar Power Plant (SJSP) in the Philippines from Mabuhay Power Holdings Corporation for an undisclosed sum. Located in Barangay San Jose, Quezon municipality, Bukidnon province on Mindanao island, the utility-scale solar project is expected to generate over 200GWh of electricity annually once operational. Construction is scheduled to begin in Q1 2027 with commercial operations anticipated in 2028. The acquisition marks Novva's strategic entry into the Philippines market and supports its broader Southeast Asia expansion plans amid rising regional electricity demand driven by AI, cloud computing, and digital infrastructure growth. The project aligns with the Philippines' target to source 35% of its electricity from renewable energy by 2030 while addressing power demand in one of Southeast Asia's fastest-growing digital economies.

Analysis

Novva Group acquired the 120MWp San Jose Solar Power Plant in the Philippines from Mabuhay Power Holdings Corporation for an undisclosed sum. The project, located in Barangay San Jose, Quezon municipality, Bukidnon province on Mindanao island, is expected to generate over 200GWh of electricity annually once operational. Construction is scheduled to begin in Q1 2027 with commercial operations anticipated in 2028. The acquisition was announced on 2026-06-19. The project is located in the Philippines, where Novva Group is making its market entry.

Key points

Counterparties

Source article