French Polynesia omv petrom energy solutions

Who is OMV Petrom?

OMV Petrom is the largest integrated energy producer in Southeastern Europe, with an annual Group hydrocarbon production of approximately 41 million boe in 2023. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency gas-fired power plant.

What does OMV Petrom report on?

OMV Petrom annually reports on the progress made in implementing these recommendations. About Renovatio RENOVATIO operates through several business lines, effectively integrating the development, construction, and operation of renewable energy projects with the long-term supply of green energy to customers.

Why did renovatio join OMV Petrom?

Aurel Arion, CEO of Renovatio: "We are pleased to announce the completion of our partnership with OMV Petrom. Our partnership reflects confidence in the potential of the Romanian renewable energy market and reconfirms our commitment to contribute to a more sustainable energy future."

How much energy does OMV Petrom produce a year?

The annual production share of OMV Petrom is estimated at approximately 1.4 TWh. The operational assets include two wind farms located in eastern Romania, with a total installed capacity of 16 MW, and a micro-hydro power plant, with a capacity of 2 MW, in northwestern Romania. The estimated cumulative annual production is approximately 45 GWh.

Who owns OMV Petrom?

OMV Petrom is a company in which, as of end-2023, Romanian shareholders hold over 43% of the shares (of which the Romanian state, through the Ministry of Energy, holds 20.7%, and 22.5% are owned by pension funds in Romania, to which are added almost 500,000 individual investors and other Romanian entities).

Where is OMV Petrom located?

The projects that will be developed in partnership with RNV Infrastructure are located in the north-eastern area of Romania. The photovoltaic farm is in the testing period, while the wind farms are expected to gradually start production between 2025 and 2027. The annual production share of OMV Petrom is estimated at approximately 1.4 TWh.