OMV Petrom to build 1 GW worth of renewable power projects by 2030

OMV Petrom SA

07/11/2023 10:36

BUCHAREST, Nov 7 (Reuters) - Romanian oil and gas group
OMV Petrom  ROSNP.BX , majority-controlled by Austria's OMV
 OMVV.VI , plans to build renewable energy projects worth 1 GW
by the end of the decade, Chief Executive Christina Verchere
said on Tuesday. 
    The projects will focus on solar power, which has the
benefit of European Union funding, she said. 
    They include a photovoltaic project of around 450 MW in
cooperation with state-owned coal-fired power producer CE
Oltenia and other projects worth some 700 MW purchased earlier
this year.

 (Reporting by Luiza Ilie; Editing by Jason Hovet)
 ((luiza.ilie@thomsonreuters.com ; +4021 527 0312; https://www.reuters.com/journalists/luiza-ilie))