OMV Subsidiary Joins Large-Scale PV Project

The large-scale PV project is being developed by the Austrian green electricity producer Enery and has a planned capacity of 400 megawatts (MW). In addition, a battery storage system with a capacity of up to 600 megawatt hours (MWh) is to be created.

Large-scale PV project to start operations in 2027

The transaction was already announced in June. The final investment decision is expected to be made in the first quarter of 2026, with commercial operations starting in 2027, OMV announced in a release. Until then, OMV Petrom and Enery plan investments amounting to 200 million euros. As part of the project, OMV Petrom will purchase around 50 percent of the electricity generated through a ten-year power purchase agreement.

(APA/Red)

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