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.
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