OMV Petrom Expands with New Solar PV Projects in Romania

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OMV Petrom has expanded partnership with Renovatio. OMV has acquired 50 per cent stake in three photovoltaic projects totalling 130 MW. Both the companies will jointly develop, construct, and operate the projects.

Furthermore, the transactions are anticipated to be finalised in the second half of 2024, subject to certain conditions. The parties have agreed to keep the purchase price confidential. Moreover, these new projects already have access to the national power transmission grid.

Renovatio is an infrastructure asset owner, manager and development group of companies focused on the renewable energy sector. It has been operating for more than 20 years across the entire value chain and lifecycle of renewables projects, Renovatio has built comprehensive expertise in development, engineering, procurement and operational management of wind and PV assets.

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