Image: Zbynek Burival, Unsplash
OMV Petrom, an built-in vitality producer, has expanded its partnership with Romanian inexperienced vitality firm Renovatio by buying a 50% stake in three photo voltaic tasks with a complete of 130 MW.
The transaction is anticipated to be accomplished within the second half of this yr. Financial particulars of the settlement weren’t disclosed.
The photo voltaic tasks, all positioned in Romania, have already gained entry to the nationwide electrical energy grid. Once accomplished, the tasks will take the entire mixed put in capability of the 2 companions to greater than 1.1 GW.
Earlier this yr, OMV Petron acquired a 50% stake in Romanian vitality developer Electrocentrale Borzesti, which owns roughly 1 GW of renewable tasks.
“Partnerships are essential for accelerating the vitality transition,” stated Franck Neel, a member of the manager board of OMV Petrom. “By becoming a member of our forces we make a better general impression and contribute to alter for a cleaner surroundings.”
In April, OMV Petrom launched an engineering, procurement and development tender for the 710 MW mission, which it acquired from Danish developer Jantzen Renewables in July 2023. According to OMV Petrom CEO Christina Verchere, a few third of the €11 billion ($11.8 billion) investments might be allotted to low- and zero-carbon tasks by 2030.
Romania has deployed 1,917 MW of photo voltaic by the top of 2023, based on figures from the International Renewable Energy Agency (IRENA). The nation returned its first floating photo voltaic array earlier this month.
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