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Detail – Energy Country Profile

OMV Petrom has signed the largest acquisition of green projects in Romania

Romania

OMV Petrom, the largest integrated energy company in Southeast Europe, receives a 50% stake from RNV Infrastructure in Electrocentrale Borzesti, which consists of renewable energy projects with a capacity of around 1 GW, including 950 MW of wind power and 50 MW of photovoltaics.

The projects should be developed, built and operated in partnership with RNV Infrastructure.

With the takeover of 100% of the shares in Renovatio Asset Management, OMV Petrom becomes the largest e-mobility player in Romania. The Romanian EV charging network with more than 400 EV charging points in Romania is expected to increase to around 650 by 2026.

It is planned to invest around EUR 1.3 bn in renewable energy in Romania by 2027, including project financing. OMV Petrom's contribution to the acquisition and construction of these projects is estimated at up to EUR 350 mn. Four wind farms and the photovoltaic park are being built in north-eastern Romania. According to current estimates, the photovoltaic park will be connected to the national energy system from 2024 and the wind farms between 2025 and 2027. The projects have already been provided with access to the electricity grid.

For more information here...