OMV Petrom, the largest integrated energy producer in Southeastern Europe, has finalized its acquisition of several photovoltaic projects from Danish company Jantzen Renewables ApS.
These projects, located in Teleorman County, are currently at the “ready-to-build” stage, with a combined installed capacity of approximately 710 MW.
Franck Neel, a member of the OMV Petrom Executive Board responsible for Gas and Power, stated, “This acquisition marks a key step forward in OMV Petrom’s firm commitment to develop a portfolio of around 2.5 GW of installed renewable energy capacity by 2030, capitalizing on strategic partnerships. We want to meet the increase in demand for green energy and remain a reliable partner for our customers, also contributing to the security of Romania’s energy supply. Our next step is to identify the right partners with whom to build these projects.”
Christian Jantzen, Co-founder and CEO of Jantzen Renewables, remarked, “Today is truly a major milestone for Jantzen Renewables, for our partners and for the Romanian energy sector. We are proud to significantly contribute to a greener future in Romania. Our mission is to power the country’s green energy transition, and this is a vital first step for us in achieving that vision. However, this is only the beginning, and we will continue to put significant resources into our mission in the coming years.”
The photovoltaic parks will be constructed in Teleorman County, selected for their excellent solar yield potential. Over their 25-year operational lifespan, these projects are estimated to produce more than 20,000 GWh, enough to supply approximately 70% of the annual household electricity consumption for Bucharest.
The projects have already secured access to the national power transmission grid, with power generation expected to begin in the second half of 2026.
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