OMV Petrom and the Renovatio group continue to implement projects from the Electrocentrale Borzești portfolio. For the implementation of the wind project at Gura Văii (CEE Onești), Bacău county, the project company obtained an investment loan of 47 million euros from Banca Comercială Română, which covers at least 60% of the total value of the project. This is part of the 300 MW wind projects for which OMV Petrom recently announced the final investment decision. The project is also part of the approximately 1,000 MW portfolio of Electrocentrale Borzești, owned by OMV Petrom (50%) and Renovatio (50%).

“Our goal is to exceed 2.5 GW of installed capacity in renewable energy projects by 2030, together with our partners. We have developed a diversified portfolio of solar, wind and hydro projects. We are now entering a new stage, in which we are transforming these projects into production capacities: we already have 70 MW in operation and 1,500 MW under development. The Gura Văii – Onești project is an important step in consolidating our presence in renewable energy production in Romania,” said Franck Neel, Member of the OMV Petrom Management Board responsible for Gas & Energy.

With an installed capacity of around 50 MW, the project has received all the necessary approvals. The annual net electricity production of the park is estimated at around 110 GWh.

OMV Petrom acquired in 2024 a 50% stake in Electrocentrale Borzești, a company that has renewable projects under development with a capacity of approximately 1,000 MW.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.