OMV Petrom has expanded its partnership with Renovatio by acquiring a 50 percent stake in renewable energy projects totaling 130 MW. With this new transaction, the total joint portfolio held by the two partners exceeds 1.1 GW. This transaction complements the one announced at the beginning of this year for the acquisition of a 50 percent stake in the shares of Electrocentrale Borzești.
“Projects to reduce our carbon footprint and that of our customers are a central component of our strategy. About a third of the EUR 11 billion of investments until 2030 will be allocated to low- and zero-carbon projects,” said Christina Verchere, CEO of OMV Petrom.
Completion of the transactions is expected to occur in the second part of 2024, subject to the fulfillment of certain conditions. The parties have decided not to make public the value of the purchase.
Source: Profit.ro
