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CSRD

green energy

investment

waste management

mobility

carbon emissions

interviews

Industry

OMV Petrom starts construction on Romania's largest solar project

Green Forum

11 November, 2024 at 7:41 AM

OMV Petrom has initiated construction on its largest solar project in Romania. The Ișalnița solar park, located in Dolj county, will have a capacity of approximately 89 MWp and is expected to generate around 130 GWh of clean energy annually.

A consortium of Romanian companies, including Actual Connect, Global Technical Systems, Bit Invest, and Alpin Sun, has been awarded the contract for the project's engineering, procurement, construction, and commissioning. The park is scheduled to be operational by the first half of 2026.

This project aligns with OMV Petrom's broader strategy to expand its renewable energy portfolio. The company aims to reach 2.5 GW of renewable energy capacity, including solar, wind, and hydro power. Additionally, OMV Petrom has submitted a proposal to the Romanian government to build a 36 MWh battery energy storage system within the Ișalnița park, further enhancing its renewable energy capabilities.

Enery secures €214 million for renewables in Romania

Enery has successfully secured a €214.45 million bank loan facility to drive the development and consolidation of its renewable energy projects in Romania.

Energy

EBRD grants €90 million loan for Engie Romania's wind park

EBRD has approved a €90 million loan for Engie Romania, part of France's Engie Group, to refinance the acquisition of an operational wind farm.

Energy

Alive Capital builds 26 MWp solar plant in Romania

Alive Capital, a renewable energy company in Romania, has commenced construction of a modern photovoltaic power plant in Nanov, Teleorman County.

Real estate

Monsson transfers 50MW solar park to NEPI Rockcastle

Monsson has completed the transfer of 100% ownership of a 50MW photovoltaic park in Chisinau-Cris, Arad County, to NEPI Rockcastle, which plans to begin construction in January 2025.

Energy

PPC finalizes Evryo Group renewable acquisition in Romania

PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania.

Finance

Electrica to issue green bonds and build two solar plants

Electrica's shareholders have approved the issuance of green bonds, supporting the company's strategy for energy transition and sustainable development, with a cap of up to €500 million.