OMV Petrom seems to be aiming to adapt to global trends in the energy sector, which place increasing emphasis on reducing carbon emissions and transitioning to renewable energy sources. Through these renewable energy acquisitions, the company can not only contribute to reducing its carbon footprint but also sustainably diversify its portfolio.

"The M&A acquisition strategy is part of OMV Petrom's strategy, a transformation strategy towards a low carbon future in which we are aiming for a leading position in the energy transition in South Eastern Europe and in which we have set very clear targets when it comes to carbon reduction. We have announced a budget of 11 billion, 35% of our investments, practically 3.7 billion euros are for low carbon or carbon free activities, being both acquisition projects and organic growth projects developed internally by OMV Petrom", says OMV Petrom CFO Alina Popa. 

This step could be interpreted as a sign that the Romanian energy industry has recognized the importance of the transition to renewable energy and is adapting its strategies accordingly. It is expected that such investments will lead to increased renewable energy production capacity and contribute to the sustainable development of the energy sector in Romania.

OMV Petrom will invest €11 billion by 2030 to reduce carbon emissions, the largest private investment plan in Romania's energy sector, according to the company's 2030 Strategy "Transforming for a low-carbon future", published last year on the Bucharest Stock Exchange website.