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The acquisition of the 710MW solar PV portfolio was initially revealed in June 2023. Image: OMV Petrom.
Romanian oil and gas manufacturer OMV Petrom has actually finished the acquisition of a 710MW PV portfolio from Danish designer Jantzen Renewables in Romania.
The portfolio of tasks is to be established in the southern county of Teleorman and remain in a “ready-to-build” phase. The choice of Teleorman to establish the solar PV tasks is because of the area holding a greater solar yield, according to OMV Petrom. The deal was very first revealed in June 2023.
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The tasks have actually currently been given grid gain access to and are anticipated to be functional in the 2nd half of 2026.
Franck Neel, member of the OMV Petrom Executive Board, stated: “This acquisition marks a crucial advance in OMV Petrom’s company dedication to establish a portfolio of around 2.5 GW of set up renewable resource capability by 2030, profiting from tactical collaborations.”
Simtel, Monsson partner to construct 150MW solar PV and energy storage in Romania
In associated Romanian news, engineering and innovation business Simtel has actually signed a tactical collaboration contract with renewables designer Monsson to establish, construct and offer 150MW of solar PV and/or hybrid jobs in Romania.
The collaboration will likewise concentrate on the advancement of energy storage with a capability of as much as 120MWh. Funding of the portfolio will be performed through the business’ own funds, bank funding and other financing sources, such as green bonds and European funds.
Depending upon market needs and advancement chances, the job portfolio can be either performed completely or in stages. This technique will permit the business to react rapidly to modifications in the energy sector and adjust technical options to brand-new difficulties.
“This collaboration matches the technique we have actually specified for the 2025– 2030 duration, throughout which we are devoted to executing 500MWp of green energy production capability and broadening energy storage facilities by 300MWh,” stated Ana Nedea, director of technique and organization advancement at Simtel.
Solar PV interest in Romania has actually been on the increase in the previous couple of years and is anticipated to amount to 8.7 GW of capability in between 2024-2027, according to trade association SolarPower Europe.
In a transfer to continue the development of solar PV in the nation,