REG - OMV Petrom S.A. - First Photovoltaic Park

OMV Petrom SAAnnouncement

24/03/2022 07:45

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RNS Number : 8878F  OMV Petrom S.A.  24 March 2022

 

 

 

 

 

 

OMV Petrom S.A.

March 24, 2022

 

OMV Petrom has completed the first photovoltaic park that supplies green
energy for its own operations

 

►  The park will produce more than 4,600 MWh of green power throughout its
entire life cycle

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe,
commissioned its first photovoltaic park. The electricity will be used for own
consumption, within the Exploration and Production division.

The park includes nearly 1,000 photovoltaic panels installed on an area of
5,500 sqm, equal to the size of a football field, in Icoana, Olt County. It
will produce more than 4,600 MWh of green electricity throughout their entire
life cycle, estimated at 13 years. The installation has a high-performance
ratio, of 84%. By replacing the conventional electricity source, the carbon
dioxide emissions will be reduced by more than 1,200 tons throughout the
entire life cycle of the panels.

Chris Veit, member of OMV Petrom Executive Board, responsible for Exploration
and Production: "This project is a first for us and is part of the energy
efficiency program, through which we aim to reduce our environmental impact.
We will continue developing such projects that support our objective of
decarbonizing operations."

Since 2010, OMV Petrom has invested approximately EUR 72 million in developing
projects that supply electricity or electric and thermal energy for production
activities. Currently, 65% of the electricity needs of exploration and
production activities is generated internally. The medium-term objective is
that the entire electricity needs to be exclusively supplied from internal
sources.

 

About OMV Petrom 

OMV Petrom is the largest integrated energy company in South-Eastern Europe,
with an annual Group hydrocarbon production of approximately 47 million boe in
2021. The Group has a refining capacity of 4.5 million tons annually and
operates an 860 MW high-efficiency power plant. The Group is present on the
oil products retail market in Romania and neighbouring countries through more
than 780 filling stations, under two brands - OMV and Petrom.

OMV Petrom shares are traded on the Bucharest Stock Exchange and the London
Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial
companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State,
through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is
owned by natural and legal persons.

OMV Petrom is the largest contributor to the state budget, with approximately
35 billion euro in taxes and dividends paid between 2005 and 2021. During the
same period, the company invested approximately 17 billion euro.

Since 2007, OMV Petrom has included corporate responsibility principles into
its business strategy. Between 2007 and 2021, the company has allocated over
80 million euro to develop communities in Romania, focusing on environmental
protection, education, health, and local development.

On July 29th, 2020, OMV Petrom announced its support for the recommendations
issued by the Task Force on Climate-related Financial Disclosures (TCFD)
regarding risks and opportunities on climate change.

 

 

Contact:

OMV Petrom Investor Relations

Tel: +40 372 161930, Fax: +40 372 868518

e-mail: investor.relations.petrom@petrom.com
(mailto:investor.relations.petrom@petrom.com)

 

 

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