Romanian oil and gas company OMV Petrom buys 710MW domestic PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
A PV project in Romania. image: Econergy

Romanian oil and gas producer OMV Petrom has bought a 710MW solar PV portfolio in its home country, which it said will be one of Southeastern Europe’s ‘most significant’ solar projects.

The portfolio is located in Teleorman county in the South of the country, and Petrom’s transaction is expected to be completed in Q2 next year, when construction will begin. Grid connections have already been secured for the projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Danish developer Jantzen Renewables ApS will develop the portfolio.

Franck Neel, an OMV Petrom executive board member responsible for gas and power activity, said: “This purchase supports the achievement of OMV Petrom’s strategic objective of having an installed renewables capacity of at least 1 GW by 2030, including through partnerships. In addition, it allows us to adequately respond to the ever-increasing demand for green energy, contributing at the same time to the strengthening of Romania’s security of supply and energy resilience.”

OMV Petrom currently has an annual hydrocarbon production of approximately 43 million barrels of oil equivalent and is one of the largest fossil fuel companies in Southeastern Europe.

Romania is being recognised as one of the most quickly emerging solar PV markets in Europe. PV Tech has published a number of pieces focusing on the Romanian market, including a discussion of the draw of Romania’s market ahead of the contracts for difference scheme set to come online this year and the plans for a 10GW module assembly plant from AE Solar.

A report from the International Energy Agency earlier this year which found that solar PV is on track to see more investment than oil for the first time in history this year also found that large fossil fuel companies, like OMV Petrom, were investing only around 5% of their average capital expenditure into clean energy technologies in 2022. Last year was a red letter year for many fossil fuel companies, reporting huge profits and pushing an increase in investment into unabated fossil fuel generation.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 30, 2025
US solar tracker manufacturer Nextracker recorded revenues of US$864 million and a gross margin of 32.6% in the quarter ending June 27, 2025.
July 30, 2025
The Government of Kyrgyzstan has signed two investment deals with Vietnamese firms Rox Energy Global and RECA LLC for the development of a 1.9GW solar project.
July 29, 2025
US renewables developer Savion, a subsidiary of global oil giant Shell, has formed a new company to take ownership of its solar projects after development.
July 29, 2025
US-based solar manufacturer T1 Energy has expressed support for the US government’s tariff investigations into global polysilicon imports and solar products from Laos, Indonesia and India.
July 28, 2025
Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.
July 28, 2025
French energy major TotalEnergies has begun the construction of its 1GW solar farm in the Basra region of southern Iraq. 

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK