The photovoltaic parks made in partnership by Complexul Energetic Oltenia and OMV Petrom could generate the first MWh as early as the end of 2025, said Franck Neel, member of the OMV Petrom Directorate.
“When we signed the contract with the Oltenia Energy Complex we expected to sign the financing agreement with the Ministry of Energy earlier. So we had a delay from this point of view. I must also say that the project is a complex one. We had to we take care of obtaining the permits, land and so on, but we are happy that we concluded the EPC (Engineering, procurement and construction n.r.) contract in 2023, we had the offers until December and it was also announced in the press that there is a strong interest from of the market to build these photovoltaic parks. It is good news for us and for our partner,” said, on Thursday, in a press conference, Franck Neel, member of the OMV Petrom Directorate, quoted by Agerpres.
According to the company’s report, in July 2023, the financing contracts for the development of four photovoltaic parks with a cumulative capacity of approximately 450 MW were signed by the Ministry of Energy, as the contracting authority, and by the four legal entities, beneficiaries of this financing and responsible for project implementation. The total investments required for the development of the four photovoltaic parks amount to over 400 million euros, 70% being financed through the Modernization Fund. OMV Petrom S.A. and Complexul Energetic Oltenia S.A. they are equal partners in these entities, each holding a 50% stake.
The company estimates that the construction works will last 2 years and that the photovoltaic parks will start producing electricity at the end of 2025 or the beginning of 2026, OMV Petrom representatives stated.
