OMV Petrom teams up to build four solar energy parks in Romania

BUCHAREST, Oct 3 (Reuters) – Romanian oil and gas firm OMV Petrom (ROSNP.BX) said on Monday it will team up with state-owned lignite power producer CE Oltenia to build four photovoltaic parks that should provide electricity to the national power grid from 2024.The plan will cost around 400 million euros ($391.76 million), mostly from European Union funds, and the parks will have a combined installed capacity of around 450 MW, said Petrom, which is majority-controlled by Austria’s OMV (OMVV.VI).Romania has committed to phasing out coal by 2032 and replacing it with gas, nuclear and renewable energy.Register now for FREE unlimited access to Reuters.comRegisterThe new parks, which will be built on the sites of former mining operations operated by CE Oltenia in southern Romania, will boost the country’s installed solar energy capacity by a third from around 1.4 GW currently, OMV Petrom…

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