REG - OMV Petrom S.A. - Photovoltaic panels in 110 filling stations

OMV Petrom SAAnnouncement

19/09/2022 09:00

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RNS Number : 8903Z  OMV Petrom S.A.  19 September 2022

 

OMV Petrom S.A.

Investor News

September 19, 2022

 

 

OMV Petrom has installed photovoltaic panels in 110 OMV and Petrom filling
stations in Romania and aims to reach 150 units by the end of 2022

 

►  The amount of electricity produced by the photovoltaic panels covers up
to 25% of the consumption of a filling station

►  OMV Petrom's investments in this project amount to around EUR 3 million,
up until now

 

 

OMV Petrom, the largest integrated energy company in South-Eastern Europe, has
installed photovoltaic panels in 110 OMV and Petrom filling stations in
Romania. Around EUR 3 million were invested until now in this project. By the
end of this year, the number of filling stations equipped with photovoltaic
panels in expected to increase to 150 units, thus covering around 30% of the
OMV and Petrom branded filling stations in Romania. The estimated annual
production of the photovoltaic panels will be 2,700 MWh, which is equivalent
to the annual power needed for 1,500 apartments.

Radu Căprău, member of the OMV Petrom Executive Board, responsible for
Refining and Marketing: "Reducing carbon emissions is a very important
objective for us, whether we are talking about our own operations or the
products we provide to our customers. By installing the photovoltaic panels,
our retail network is taking a step forward in this direction. Our objective
is that, by 2025, half of the entire network of OMV Petrom stations in Romania
will be "solar" stations, with low energy consumption."

OMV Petrom has set out to achieve carbon neutrality for its own operations by
2050 and to contribute to the decarbonisation process of its customers. To
generate new projects with low and zero carbon emissions, the company will
invest EUR 3.7 billion out of its EUR 11 billion plan until 2030. This is the
largest private investment plan in the Romanian energy sector.

 

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 neighboring countries through
approximately 790 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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