OMV Petrom takes over new PV projects in Romania
<p>OMV Petrom, the largest integrated energy producer in Southeastern Europe, announced that it strengthened its partnership with Renovatio by acquiring a 50% stake in three photovoltaic projects totaling 130 MW. &nbsp;</p>

<p>The projects will be developed, built, and operated in partnership with Renovatio. Thus, the two partners will have a total joint installed capacity of over 1.1 GW by 2030.&nbsp;</p>

<p>"The projects for reducing our carbon footprint and that of our customers, are a central piece of our strategy. About a third of the EUR 11 billion investments by 2030 will be allocated to low and zero carbon projects,"&nbsp;said Christina Verchere, CEO of OMV Petrom.</p>

<p>This transaction complements the one announced earlier this year for the acquisition of a 50% stake in Electrocentrale Borzesti, which owns renewable projects with a capacity of approximately 1 GW.</p>

<p>Completion of the transactions is expected to occur in the second part of 2024, subject to the fulfillment of certain conditions. Parties have agreed not to disclose the purchase price. &nbsp;</p>

<p>These new projects have already received access to the national power transmission grid.</p>

<p><em>iulian@romania-insider.com</em></p>

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