EQS-News: ABO Energy Reaches International Project Milestones

ABO Energy has recently achieved significant progress in several international markets. In Canada, the company has sold project rights for a 63-megawatt wind energy project in the province of New Brunswick. In Spain, the developer has signed its first Owner’s Engineering contract for a third-party solar project. And in Colombia, the company has received the final major payment for the sale of a 200-megawatt solar project.

63-megawatt wind project with PPA sold in Canada

With a projected capacity of 63 megawatts, the Canadian project will comprise up to eleven wind turbines. ABO Energy had developed the project from the ground up and partnered with Pabineau First Nation. The project name, Papoqji’jg (pronounced “pa-book-chich”), reflects this partnership: it originates from the traditional language of the Mi’kmaq First Nation and means a small, gentle, quiet pool on a river.

ABO Energy secured a power purchase agreement (PPA) for the project in 2025 after a competitive procurement process. Investor Eolectric will oversee the construction of the wind farm and the sale of the green electricity to the provincially owned electric utility NB Power. Commissioning is planned for the end of 2028.

Owner’s Engineering contract signed for 64.86-megawatt peak solar project in Spain

In Spain, ABO Energy has signed an Owner’s Engineering services contract with Spanish Power and Victory Hill Capital Partners for the Belorado I photovoltaic plant (64.86 megawatt peak), located in the province of Burgos (Castile and León).

With its strong experience in developing renewable projects and delivering EPCM services, ABO Energy will now support the engineering and construction phase of a third-party project – an important step in expanding this business line in Spain. The agreement also includes services for shared infrastructure, grid connection, and a substation.

Final payment received for Colombian 200-megawatt solar project

In Colombia, ABO Energy has reached an important milestone and received the final major payment for a previously sold solar project. The project rights for a 200-megawatt photovoltaic plant were sold in 2025 to a large infrastructure investment fund, and the transaction has now been completed.

“ABO Energy is navigating a challenging phase, and we are fully committed to the restructuring process. At the same time, it is important to emphasise that our business continues to move forward: we are developing projects, we are selling projects, and we are generating cash inflows. The recent milestones in Canada, Spain, and Colombia demonstrate the strength and resilience of our international business activities”, said Dr Karsten Schlageter, Managing Director of ABO Energy.