OMV Petrom, the largest integrated energy producer in Southeastern Europe, announced the completion of two major transactions with Renovatio Group for the development of renewable energy projects with a total capacity of approximately 1,000 MW. The first agreement concerns the acquisition of 50% of Electrocentrale Borzești shares, owned by RNV Infrastructure, which includes 950 MW of wind projects and 50 MW of photovoltaic projects.
These projects will be developed, built, and operated in partnership with RNV Infrastructure. The photovoltaic project is currently in the production testing phase, while the wind farms are expected to gradually enter service between 2025 and 2027. This transaction marks a significant step for OMV Petrom, which is committed to increasing its green energy production and contributing to the energy transition in the region.
Acquisition of additional operational assets
In a second transaction, OMV Petrom acquired renewable energy production assets held by the Renovatio Group, representing an installed capacity of 18 MW. These assets include two wind farms located in eastern Romania, with a cumulative capacity of 16 MW, as well as a micro-hydropower plant with 2 MW located in the northwestern part of the country.
These facilities are already operational, and the total estimated annual production is approximately 45 GWh, supplying green electricity to the national grid. Both transactions received the approval of the Competition Authority and the Commission for the Examination of Foreign Investments.
A growth strategy focused on renewable energy
Franck Neel, OMV Petrom Executive Board Member responsible for Gas and Power, emphasized the strategic importance of these acquisitions: “These transactions reflect our commitment to investing in renewable energy. We are proud to announce that OMV Petrom is now a renewable energy producer, as some of these assets are already in production and supplying the grid.”
Aurel Arion, CEO of Renovatio, also expressed satisfaction: “We are delighted to have completed this partnership with OMV Petrom. It reflects our confidence in the potential of the Romanian renewable energy market and our desire to contribute to a more sustainable energy future.”
Production outlook and project locations
The projects in partnership with RNV Infrastructure are located in the northeastern part of Romania. Once fully operational, OMV Petrom’s annual production share is expected to reach approximately 1.4 TWh, further consolidating its position as a leading renewable energy producer in the region.
The operational assets include two wind farms in eastern Romania, with an installed capacity of 16 MW, as well as a micro-hydropower plant with 2 MW located in northwestern Romania. The estimated annual production for these facilities is approximately 45 GWh, thus meeting the growing demand for green electricity.
