OMV Petrom to buy solar parks with 710 MW capacity

OMV Petrom SA

29/06/2023 09:52

June 29 (Reuters) - Romania's OMV Petrom  ROSNP.BX  will
buy several photovoltaic parks with total installed capacity of
around 710 megawatts (MW) in its home market, part of its drive
to boost renewable energy sources by the end of the decade, it
said on Thursday.
    The oil and gas group, majority-controlled by Austria's OMV
 OMVV.VI , is seeking to have at least 1 gigawatt (GW) of
installed renewable capacity by 2030.
    The new parks are being developed by Danish group Jantzen
Renewables. The deal should be completed in the second quarter
of 2024 once they reach the "ready-to-build" phase, OMV Petrom
said.
    The company said the parks were big enough to supply 280,000
households annually.
    The projects have already been granted access to the
national electricity transmission network, it added.

 (Reporting by Jason Hovet in Prague
Editing by Mark Potter)
 ((jason.hovet@thomsonreuters.com;))