OMV Petrom acquires wind power stake, e-car charging business in Romania

OMV Petrom SA

03/01/2024 06:56

BERLIN, Jan 3 (Reuters) - Romanian energy group OMV
Petrom announced on Wednesday that it would acquire a 50% stake
in Electrocentrale Borzesti from RNV Infrastructure as part of
investments in renewable energy in Romania.
    Electrocentrale Borzesti holds around 1 gigawatt of capacity
in renewable projects, mainly in wind power, OMV Petrom said,
adding that these projects would be further developed and
operated together with RNV Infrastructure.
    OMV Petrom, majority-controlled by Austria's OMV, also said
it would fully acquire Renovatio Asset Management, the owner of
Romania's leading electric vehicle charging network. 
    Under the partnership, OMV Petrom and Renovatio plan to
invest around 1.3 billion euros ($1.42 billion) in renewable
energy in Romania by 2027.
    ($1 = 0.9127 euros)

 (Reporting by Rachel More; editing by Jason Neely)
 ((rachel.more@thomsonreuters.com;))