Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...

Bulgaria: TPP Maritsa 3...

Bulgarian thermal power plant Maritsa 3 reported a net loss of €2.7 million...

Bulgaria: Bobov Dol thermal...

The Bulgarian thermal power plant Bobov Dol posted a net profit of approximately...
Supported byClarion Energy
HomeSEE Energy NewsRomania: OMV Petrom...

Romania: OMV Petrom acquires solar projects, aiming for 2.5 GW renewable capacity by 2030

OMV Petrom, the largest oil and gas company in southeastern Europe, has finalized the acquisition of several solar projects in Romania from Danish company Jantzen Renewables. Located in Teleorman County, these projects are now at the “ready-to-build” stage, with an installed capacity of approximately 710 MW.

Franck Neel, a member of the OMV Petrom Executive Board responsible for Gas and Power, stated that this acquisition represents a significant step in the company’s commitment to developing a renewable energy portfolio of around 2.5 GW by 2030, leveraging strategic partnerships.

The solar power plants will be situated in areas identified for their high solar yield potential. Over their estimated 25-year operational lifespan, these projects are expected to produce more than 20,000 GWh of electricity, which would meet approximately 70% of the annual household electricity consumption in Bucharest.

The projects have already received connection permits for the national electricity transmission network, and they are anticipated to be commissioned in the second half of 2026.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Serbia: US Treasury extends sanctions delay on NIS for fifth time

The US Treasury Department has postponed the activation of sanctions on Serbian oil company NIS for an additional 30 days, marking the fifth extension since January. Serbian Energy Minister Dubravka Djedović noted that securing a further, longer reprieve is currently...

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...

Croatia: Summary of Guarantees of Origin auctions for electricity held on 29 July

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold in auctions organized by HROTE and ENNA Next. These auctions were conducted in five parallel sessions via CROPEX’s IT trading platform, covering GOs from wind, biogas,...
Supported byVirtu Energy
error: Content is protected !!