OMV Petrom, the largest integrated energy company in South-Eastern Europe, commissioned its first photovoltaic park. The electricity will be used for own consumption, within the Exploration and Production division.

The park includes nearly 1,000 photovoltaic panels installed on an area of 5,500 sqm, equal to the size of a football field, in Icoana, Olt County. It will produce more than 4,600 MWh of green electricity throughout their entire life cycle, estimated at 13 years. The installation has a high-performance ratio, of 84%. By replacing the conventional electricity source, the carbon dioxide emissions will be reduced by more than 1,200 tons throughout the entire life cycle of the panels.  

Chris Veit, member of OMV Petrom Executive Board, responsible for Exploration and Production: “This project is a first for us and is part of the energy efficiency program, through which we aim to reduce our environmental impact. We will continue developing such projects that support our objective of decarbonizing operations.”

Since 2010, OMV Petrom has invested approximately EUR 72 million in developing projects that supply electricity or electric and thermal energy for production activities. Currently, 65% of the electricity needs of exploration and production activities is generated internally. The medium-term objective is that the entire electricity needs to be exclusively supplied from internal sources.