In addition, in another transaction with Renovatio Group, OMV Petrom acquired renewable energy production assets with a capacity of approximately 18 MW, comprising of 16 MW of wind power and 2 MW of hydroelectric power. The assets are operated by OMV Petrom.
“Our strong commitment to invest in renewable energy is reflected by these transactions. We are proud to announce that OMV Petrom became a producer of renewable energy, as some of the assets that entered our portfolio are already producing and delivering renewable energy to the grid,” stated Franck Neel, OMV Petrom Executive Board Member responsible for Gas and Power.
The projects that will be developed in partnership with RNV Infrastructure are located in the northeastern area of Romania. The photovoltaic farm is in the testing period, while the wind farms are expected to gradually start production between 2025 and 2027. The annual production share of OMV Petrom is estimated at approximately 1.4 TWh.
The operational assets include two wind farms located in eastern Romania, with a total installed capacity of 16 MW, and a micro-hydro power plant, with a capacity of 2 MW, in northwestern Romania. The estimated cumulative annual production is approximately 45 GWh.
OMV Petrom posted RON2.62 billion net profit in H1/2024, up 178% from the year-earlier period. The company’s revenues slid by 3% to RON17.25 billion.
(English version by Catalina Apostoiu)