Romania OMV Petrom buys 710 MW solar parks

OMV Petrom, Romania’s company, is set to acquire several photovoltaic parks from Danish company Jantzen Renewables ApS. These parks are currently in the development stage and will have a combined installed capacity of approximately 710 megawatts (MW). They are situated in the southern Teleorman district, adjacent to Bulgaria.

The deal is expected to be finalized in the second quarter of next year, coinciding with the projects reaching the “ready-to-build” stage, as stated by the company.

These photovoltaic parks will be among the most significant projects of their kind in South East Europe, generating enough electricity to power approximately 280,000 Romanian households annually.

The selected locations for the PV parks offer great potential for harnessing solar energy and are estimated to produce 23,900 GWh over a 25-year operational period. Furthermore, the projects now have access to the national electricity grid.

OMV, an oil and gas group with majority ownership by Austria’s OMV, aims to install at least 1 gigawatt (GW) of renewable capacity by 2030 through various partnerships.

Frank Neal, a member of the executive board of the Romanian company, commented that this acquisition enables them to meet the rising demand for clean energy while contributing to Romania’s energy security and sustainability.

Recently, OMV Petrom and Romgaz made a historic decision to commence development of the Neptun Deep field.

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