OMV Petrom, a majority-owned Romanian oil and gasoline provider, introduced the acquisition of a 710 MW PV undertaking portfolio from Danish developer Jantzen Renewables.

It didn’t disclose the monetary phrases of the deal. Completion of the transaction is predicted within the second quarter of subsequent yr, with all initiatives situated in Teleorman county, southern Romania.

Franck Neel, member of the manager board of OMV Petrom, answerable for gasoline and energy, stated that the acquisition is consistent with the target of OMV Petrom to attain an put in renewable capability of no less than 1 GW in 2030, together with by means of partnerships.

OMV Petron has already put in PV techniques on the roofs of 40 gasoline stations in Romania. It entered the renewable power sector in 2010 with the acquisition of a wind farm.

Romania is presently creating a number of giant PV installations, together with the lately acquired 1,044 MW photo voltaic undertaking by UK impartial energy producer Rezolv Vitality, which has the potential to grow to be the biggest PV plant in Europe.

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