Romanian partners to build 450MW of solar PV

Facebook
Twitter
LinkedIn
Reddit
Email
The projects are expected to be operational in 2024. Image: Sonnedix.

Romanian oil company OMV Petrom and state-owned utility Complexul Energetic Oltenia (CE Oltenia) will build 450MW of solar PV in Romania.

The total investment will be more than €400 million (US$390 million) for the construction of four solar parks, which once operational will increase Romania’s installed solar capacity by almost a third, according to OMV Petrom.

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

The company was selected by the CE Oltenia as the investor for these projects back in December 2021.

About 70% of the financing for the 450MW solar PV parks will be financed through the European Union’s Modernisation Fund, aimed to support ten eastern member countries to meet their 2030 renewables targets.

The solar plants will be built on former mining sites operated by CE Oltenia – which is the largest coal-based energy producer in Romania – in the regions of Oltenia (three of the projects) and Transylvania.

The companies expect the solar PV plants to begin supplying electricity from 2024.

Franck Neel, member of the OMV Petrom executive board and responsible for gas and power, said: “Our goal is to put in function more than 1 GW of renewable power capacity by 2030, including through partnerships.”

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA