„The projects will be further developed, built and operated in partnership with RNV Infrastructure”, according to the company’s report.
According to them, OMV Petrom will also fully acquire Renovatio Asset Management, the owner of Romania’s leading EV charging network, with more than 400 EV charging points in Romania and plans to increase to approximately 650 by 2026.
Through this newly formed partnership, OMV Petrom together with Renovatio plan to invest by 2027 approximately EUR 1.3 bn, including project financing, in renewables in Romania.
OMV Petrom’s contribution for the acquisition and construction of these projects is estimated to be up to EUR350 million.
The closing of the transactions is expected to take place in the first half of 2024, after fulfilment of certain conditions.
„With these transactions we progress significantly towards building a strong and diversified portfolio of renewable projects. Our ambition is to maintain our leadership position in the energy field in South-Eastern Europe, while transforming the business for a lower carbon future,” said Christina Verchere, OMV Petrom CEO.
By acquiring 50% of the largest portfolio of wind power in Romania, OMV Petrom complements its existing 1 GW portfolio of photovoltaic projects. The four wind parks and the photovoltaic park will be built in the Northeastern part of Romania. According to current estimates, the photovoltaic park is expected to supply electricity to the national energy system starting 2024, while the wind parks are expected to gradually start production, between 2025 – 2027. The projects have already been granted access to the electricity network.
„We are thrilled to partner with OMV Petrom for building projects of approximately 1 GW that will deliver green energy in Romania, along with continuing the sustainable development of electric mobility services,” said Aurel Arion, Renovatio CEO.
With the acquisition of 100% shares in Renovatio Asset Management, OMV Petrom will become the largest player in e-mobility in Romania, adding more than 400 charging points to the existing network.
As of the end of 2023, OMV Petrom regional network had approximately 270 charging points installed, including through partnerships.
(English version by Catalina Apostoiu)