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.
The refinery currently supplies around 30% of Romania's fuel needs and will continue to play a key role in the transport sector.
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 has solidified its collaboration with Renovatio through a new acquisition venture in Romania's photovoltaic sector.
OMV Petrom closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania.
Over the next five years, OMV Petrom plans to provide approximately 800 GWh of renewable energy to all Saint-Gobain facilities in Romania.
Saint-Gobain has entered into a renewable electricity supply agreement with OMV Petrom in Romania.
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.
This highlights a significant shift in the company's strategy, moving towards clean and sustainable energy sources.
OMV Petrom will acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure.
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.
OMV Petrom has announced that it continues the tree planting campaign within the "Romania Plants for Tomorrow" project.
OMV Petrom has allocated RON 1.5 million (€300,000) in 2023 to train a new generation of energy professionals.
For the rest of this year, Rezolv Energy will focus on the four projects in our current portfolio.
The Romanian Competition Council announced its analysis of the deal through which Greece's Public Power Corporation (PPC) plans to acquire the operators of the Fântânele-Cogealac wind farm.
Photon Energy has connected a new 7.5 MWp solar photovoltaic (PV) power plant to the grid in Romania, marking its twelfth operational plant in the country.
Eurowind Energy signed a Shares Purchase Agreement in August for the acquisition of different projects totaling 11 PV projects of 5MW AC each.
Electrica has completed the acquisition of Foton Power Energy SRL from Emanuel Muntmark and Cătălin Mrejeru.
