Romanian OEC to add 450 MW of solar at former coal sites
Date: October 3rd 2022
Author: Tanja Srnovršnik
The Romanian oil and gas company OMV Petrom and coal-based power producer Oltenia Energy Complex (OEC) will jointly build 450 MW of solar capacity on former mining sites, OMV Petrom said on Monday.Four solar farms will be built in Isalnita, Tismana, Rosia and Rovinari, at the sites of former mining operations run by OEC. They will increase Romania's 1.4 GW of installed solar capacity by around 30%.
According to current estimates, the solar farms should start to supply electricity to the national energy system in 2024, OMV Petrom said in its press release.
The total investment required for the development of the four photovoltaic farms will be over EUR 400m, of which approximately 70% will be accessed through the EU Modernisation Fund, it added.
OEC plans to replace some of its 3.6 GW coal-fired capacity by adding around 735 MW of solar capacity, and it has chosen OMV Petrom to be the investor for the first batch of projects.
OEC board chairman Daniel Burlan noted in the press release that the utility is contributing to Romania's energy transition in this manner, while also implementing measures required by a European Commission approved restructuring plan.
Meanwhile, OMV Petrom intends to construct around 1 GW of renewable capacity by 2030, according to the company’s EUR 11bn investment plan.