OMV Petrom closes acquisition of Renovatio Asset Management in Romania

Green Forum

31 May, 2024 at 4:00 PM

OMV Petrom closed the acquisition of Renovatio Asset Management, owner of the largest charging network for electric vehicles in Romania, with over 400 charging points and growth prospects to approximately 650 by 2026.

At the end of the first quarter of 2024, there were approximately 300 charging points in OMV and Petrom networks.

"By completing this acquisition, OMV Petrom becomes the largest player in the field of electric mobility in Romania. Our ambition is to have 1,000 charging points installed in Romania, Bulgaria, Serbia, and Moldova by the end of this year. We want to remain our customers' first choice and to consolidate our leading position in the Romanian mobility segment”, said Radu Căprău, member of OMV Petrom Executive Board, responsible for refining and marketing.

Cluj Airport planes now use OMV Petrom's SAF

OMV Petrom, the leading integrated energy producer in Southeast Europe, will supply Cluj International Airport Avram Iancu with Sustainable Aviation Fuel (SAF) starting in 2025.

Business

OMV Petrom invests €1.5 million in Polizu Maternity

OMV Petrom, in partnership with Save the Children Romania, is investing €1.5 million to renovate Polizu Maternity Hospital, the largest facility of its kind in Romania.

Business

OMV Petrom builds sustainable fuels unit

OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.

Industry

CMS advised DRI on PPAs with OMV Petrom

CMS has provided legal counsel to DRI in relation to the physical power purchase agreements (PPAs) concluded with OMV Petrom for three solar projects.

Business

DRI secures record solar PPA with OMV Petrom

Dutch-based DRI has signed Romania's largest physical solar power purchase agreement (PPA) with leading oil and gas company OMV Petrom.

Energy

OMV Petrom to supply sustainable aviation fuel

OMV Petrom and TAROM announced the signing of a contract for the supply of sustainable aviation fuel (SAF), a first for Romanian aviation.

Energy

OMV Petrom acquires 50% of Electrocentrale Borzești

OMV Petrom, the largest integrated energy producer in Southeastern Europe, completed the acquisition of 50% of the shares of Electrocentrale Borzești from RNV Infrastructure.