OMV Petrom acquires 50% of the Gabare photovoltaic park

OMV Petrom acquires 50% of the Gabare photovoltaic park

преди 7 часаeconomic.bg

Romanian oil and gas company OMV Petrom, a subsidiary of Austrian energy giant OMV, has announced that it is acquiring a 50% stake in Bulgarian company Dunav Solar Plant EOOD, which is developing the Gabare photovoltaic park in Byala Slatina. Until now, the sole owner was Enery Element GmbH, a joint venture between Austrian renewable energy company Enery Development and its Bulgarian partner Element Power Group EOOD. The amount of the deal has not been disclosed. The photovoltaic park is expected to enter commercial operation in 2027. Until then, OMV Petrom and Enery plan to invest around €200 million in it, including external financing. According to official information, the construction permits and connection to the power grid for the solar project have already been obtained. The...