OMV Petrom's renewable capacity exceeds 2 GW

Business Forum
Oil and gas major OMV Petrom has announced that its wind and photovoltaic projects in Romania have a combined capacity of 2.4 GW.

This has been achieved through strategic acquisitions and partnerships, positioning the company as a key player in the transition to cleaner energy sources.

In a move to bolster electric mobility infrastructure nationwide, the company has also developed 900 electric vehicle charging points. This initiative aims to facilitate the adoption of electric vehicles and support the growth of a sustainable transportation network across the country.

Adding to its green initiatives, the company has received approval for a €750 million strategic investment in a new SAF/HVO unit at its Petrobrazi facility. 

This advanced unit will produce sustainable aviation fuel and renewable diesel, contributing significantly to the decarbonization of the aviation and transportation sectors. 

These developments are included in OMV Petrom's sustainability declaration that is aligned with the European ESG reporting framework.

 

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Finance

EBRD investment in Romania hits record in 2025

The European Bank for Reconstruction and Development (EBRD) invested a record €955 million in 37 projects in Romania in 2025, up from €707 million for 44 projects the previous year.

Finance

Romania raises €367 million through Fidelis bond sale

Romania's Ministry of Finance attracted RON 1.86 billion (€367.3 million) through seven government bond issues for retail investors in January, marking the first Fidelis offering of 2025. The bonds began trading on Bucharest Stock Exchange (BVB) on Thursday.

READ MORE
Business Forum  |  29 January, 2026 at 5:26 PM
Business Forum  |  29 January, 2026 at 3:13 PM