OMV Petrom enters renewable energy sector with acquisitions in Romania
OMV Petrom has made its entry into the renewable energy market by acquiring a 50% stake in Electrocentrale Borzești from RNV Infrastructure and additional assets from Renovatio Group, totalling a capacity of nearly 1GW. The acquisitions, approved by Romania’s Competition Council, include two operational wind farms in eastern Romania (16MW) and a micro-hydro power plant in the northwest (2MW). OMV Petrom will also collaborate with RNV Infrastructure to develop further renewable projects in northeastern Romania,…