The Romanian Competition Council will analyze the transaction through which OMV Petrom SA intends to acquire, together with RES Terranet Holding SRL, the companies Tenersolar Park SRL, Enerintens Solar SRL, and CIL PV Plant SRL.
OMV Petrom is implementing measures to reduce its GHG emissions footprint by transitioning from non-renewable energy sources to renewable energy sources.
OMV Petrom SA has signed a six-year contract with Expur to purchase fully refined vegetable oil, with the option to extend the agreement for an additional two years.
OMV Petrom announced a revision of their 2030 strategy, focusing on a bigger push for renewable energy, sustainable fuels, and making electric vehicles more accessible.
OMV Petrom will invest approximately €750 million at Petrobrazi to transform the refinery into the first major producer of sustainable fuels in the region.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, will test a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.
OMV Petrom and Energy Policy Group (EPG) announced the completion of structural reinforcement, expansion, and energy efficiency enhancements at the Zig-Zag Kindergarten in Ovidiu.
In total, it is estimated that over 560,000 seedlings will be planted with the help of partner associations and volunteers. The budget for this year amounts to €3.2 million.
Renovatio is set to finalize the photovoltaic project at Electrocentrale Borzesti by the end of April 2024, with a planned installed capacity of 50 MW.
These contracts have been signed with the Ministry of Energy and involve a maximum funding of €50 million, while the total investment is around €140 million.
OMV Petrom, a Romanian oil and gas producer, has signed the contract for the acquisition of 50% of the shares of the Romanian company "Respiră Verde" SRL, a company that collects used cooking oil.
PPD Global, a leading distributor of premium beverages in Romania, has invested €500,000 to equip its Bucharest logistics center with modern photovoltaic panels, totaling 405 kWp of installed power.
ENGIE Romania has expanded its renewable energy portfolio by completing its first hybrid plant, combining wind and solar power, with a total installed capacity of 57 MW.
Transelectrica has signed with Georgian State Electrosystems, AzerEnerji, and MVM Electrical Works the shareholders' agreement for the Green Energy Corridor Power Company.