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    Home»Solar»Romanian oil supplier acquires 710 MW solar portfolio – pv magazine International
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    Romanian oil supplier acquires 710 MW solar portfolio – pv magazine International

    By July 3, 2023No Comments2 Mins Read
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    Romanian oil provider acquires 710 MW photo voltaic portfolio – pv journal Worldwide

    pv magazine - Photovoltaics Markets and Technologies

    Romania’s OMV Petrom acquires 710 MW photo voltaic challenge portfolio. It mentioned all PV installations are virtually solely on the ready-to-build stage.

    July 3, 2023 Emiliano Bellini

    OMV Petrom, a majority-owned Romanian oil and gasoline provider, introduced the acquisition of a 710 MW PV challenge portfolio from Danish developer Jantzen Renewables.

    It didn’t disclose the monetary phrases of the deal. Completion of the transaction is anticipated within the second quarter of subsequent yr, with all tasks positioned in Teleorman county, southern Romania.

    Franck Neel, member of the manager board of OMV Petrom, accountable for gasoline and energy, mentioned that the acquisition is according to the target of OMV Petrom to realize an put in renewable capability of at the least 1 GW in 2030, together with via partnerships.

    OMV Petron has already put in PV programs on the roofs of 40 gasoline stations in Romania. It entered the renewable power sector in 2010 with the acquisition of a wind farm.

    Romania is at present creating a number of giant PV installations, together with the lately acquired 1,044 MW photo voltaic challenge by UK unbiased energy producer Rezolv Vitality, which has the potential to turn out to be the biggest PV plant in Europe.

    This content material is protected by copyright and will not be reused. If you wish to cooperate with us and need to reuse a few of our content material, please contact: editors@pv-magazine.com.

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