OMV Petrom announces that three photovoltaic parks developed in partnership with Renovatio have become operational and are now delivering power to the national grid. The projects have a total gross installed capacity of 130 MW and are located in Țăndărei, Bucovăț and Căzănești. The net capacity attributable to OMV Petrom’s interest in the three projects is around 65 MW.

The total gross estimated annual production of the three parks of 0.2 TWh is equivalent to the annual electricity consumption of more than 110,000 households in Romania.

“The commissioning of these solar parks is another step in advancing our renewable power portfolio. Operational assets in our portfolio, including partnerships, now have a cumulative total capacity of around 200 MW. A further 1,200 MW is under construction, and we target over 2,500 MW of operational capacity by 2030. These new renewable power capacities support Romania’s energy transition,” said Franck Neel, member of the Executive Board of OMV Petrom, responsible for Gas & Power.

Total investment for the three projects amounts to approximately EUR 78 million, thereof EUR 26 million grants under Romania’s National Recovery and Resilience Plan (PNRR).

OMV Petrom is strengthening its position in the electricity market with a portfolio that includes the 860 MW Brazi power plant, over 2,500 MW of renewable capacity projects (including partnerships) currently in various stages of implementation, and power storage projects in Romania and Bulgaria.