Business | 13 May, 2024 at 10:00 AM
Saint-Gobain Romania and OMV Petrom sign green power deal
Over the next five years, OMV Petrom plans to provide approximately 800 GWh of renewable energy to all Saint-Gobain facilities in Romania.
Over the next five years, OMV Petrom plans to provide approximately 800 GWh of renewable energy to all Saint-Gobain facilities in Romania.
Saint-Gobain has entered into a renewable electricity supply agreement with OMV Petrom in Romania.
OMV Petrom, the largest integrated energy producer in Southeastern Europe, will test a new carbon capture and utilization technology at the Petrobrazi refinery, starting in June.
OMV Petrom and Energy Policy Group (EPG) announced the completion of structural reinforcement, expansion, and energy efficiency enhancements at the Zig-Zag Kindergarten in Ovidiu.
In total, it is estimated that over 560,000 seedlings will be planted with the help of partner associations and volunteers. The budget for this year amounts to €3.2 million.
Renovatio is set to finalize the photovoltaic project at Electrocentrale Borzesti by the end of April 2024, with a planned installed capacity of 50 MW.
These contracts have been signed with the Ministry of Energy and involve a maximum funding of €50 million, while the total investment is around €140 million.
This highlights a significant shift in the company's strategy, moving towards clean and sustainable energy sources.
OMV Petrom will acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure.
OMV Petrom, a Romanian oil and gas producer, has signed the contract for the acquisition of 50% of the shares of the Romanian company "Respiră Verde" SRL, a company that collects used cooking oil.
OMV Petrom has announced that it continues the tree planting campaign within the "Romania Plants for Tomorrow" project.
OMV Petrom has allocated RON 1.5 million (€300,000) in 2023 to train a new generation of energy professionals.
OMV Petrom contributes to the development of the regional network of ultra-fast recharging for electric cars as part of a project that aims to install more than 400 points along the Trans-European Transport Network (TEN-T).
Romania will have access to more clean energy in the coming years and by the end of next year, capacities of 735 MW of installed power could be put into operation, says the Minister of Energy, Sebastian Burduja.
OMV Petrom, the largest integrated energy company in Southeast Europe, announces the signing of the financing contracts to construct four photovoltaic parks with a cumulated capacity of 450 MW.
OMV Petrom, the largest integrated energy company in Southeast Europe, signed an agreement for the purchase of several projects for the construction of photovoltaic parks in Teleorman County.
OMV Petrom, the largest integrated energy company in Southeast Europe, announces the signing of a financing contract through the National Plan for Recovery and Resilience for the construction of a hydrogen production capacity by water electrolysis at the Petrobrazi refinery. The contract was signed with the Ministry of Energy, for a maximum value of about €39 million, the total investment being estimated at about €74 million.
OMV Petrom has reduced carbon intensity by 11% compared to 2019 and its overarching ambition is to achieve a 30% reduction by 2030 compared to 2019. OMV Petrom is planning to have photovoltaic panels installed in 50% of the group filling station network by 2025.
The Civil Society Development Foundation, ProPark, and the OMV Petrom Foundation launch the "Green for the Future" program. The program is dedicated to biodiversity conservation and the responsible development of local communities in protected areas. The OMV Petrom Foundation fully finances the program in the amount of €800,000 in the 2023 edition.
Several Romanian companies receive money from the state through PNRR for green hydrogen production. The Ministry of Energy signed financing contracts for 7 projects to build green hydrogen production capacities.
The European Union has reached a provisional agreement to reduce the scope and stringency of two major ESG regulatory frameworks: Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).
Lidl Romania has published its eighth sustainability report for the 2024 financial year, announcing accelerated progress in reducing environmental impact. The retailer has achieved its international 2030 target for transitioning to natural refrigerants, with these now used in 100% of logistics centres and 81.7% of stores, compared to the original goal of 100% of logistics centres and 40% of stores. The company has also increased its green energy usage to 80% of total consumption.
Global law firm Dentons has advised OX2 on acquiring three wind power projects totaling 235 MW in Romania from Future Power. The projects, located in Vaslui and Vrancea counties, are expected to be commissioned between 2028 and 2030, subject to permitting.
Romania is emerging as a key destination for Turkish renewable energy investments, attracting growing interest from industrial and financial groups. Real grid connection opportunities for projects, infrastructure modernisation potential, and investment framework stability make Romania strategic for Turkish capital as Europe accelerates its transition to sustainable sources and energy independence.
51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.
