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OMV Petrom and Renovatio have commissioned three photovoltaic parks that supply energy and can power more than 110,000 households

Riana Gegiu

28 October 2026, 14:12

Economy

Foto: Shutterstock.com

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OMV Petrom and the Renovatio Group commissioned on Wednesday, October 28, three solar parks located in Țăndărei, Bucovăț and Căzănești. The projects are already supplying electricity to the national grid and have a total gross installed capacity of approximately 130 MW.

The investments amounted to approximately €78 million, of which €26 million represents grants approved under the National Recovery and Resilience Plan. OMV Petrom owns 50% of the three projects, corresponding to a net capacity of approximately 65 MW attributable to the company’s stake.

Estimated annual production is approximately 0.2 TWh, equivalent to the electricity consumption of more than 110,000 households in Romania. The commissioning of the parks contributes to expanding renewable energy generation capacity and diversifying the company’s energy portfolio.

With the completion of the projects, OMV Petrom’s operational renewable assets, including those developed through partnerships, have reached approximately 200 MW. The company has another approximately 1,200 MW under construction and aims to exceed 2,500 MW of operational renewable capacity by 2030. The portfolio also includes the natural gas-fired power plant in Brazi, with an installed capacity of 860 MW, as well as energy storage projects in Romania and Bulgaria.

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Context: OMV Petrom has recently accelerated its investments in energy infrastructure and the transition to renewables

Before the commissioning of the new solar parks, OMV Petrom announced the modernization of the electrical infrastructure at the Petrobrazi Refinery, with an investment of approximately 115 million euros. The project included the construction of a high-voltage power line connected to Transelectrica, a new electrical substation and a distribution substation, using Blue GIS technology, while a 7 MW photovoltaic park was under construction within the refinery premises.

At the same time, the company stated in investment reports that, by then, it had already allocated 5.4 billion euros from the 11-billion-euro plan through 2030 and had estimates for the delivery of the first gas from the Neptun Deep project in the first half of 2027. Alongside its projects in the gas and refining sectors, OMV Petrom indicated clear directions toward renewables (over 1.3 GW of capacity) and storage (over 0.3 GW), as well as the development of the facility for sustainable SAF/HVO fuels, scheduled for completion in 2028.