OMV Petrom, the largest integrated energy producer in Southeastern Europe, has completed the acquisition of several photovoltaic projects from the Danish company Jantzen Renewables ApS. These projects, located in Teleorman County, are currently at the “ready-to-build” stage and will have an installed capacity of approximately 710 MW. These developments are among the most significant photovoltaic projects in both size and stage of development in Southeastern Europe.
The acquisition was approved by the Commission for the Examination of Foreign Direct Investments, marking a crucial step in OMV Petrom’s renewable energy expansion.
Franck Neel, a member of the OMV Petrom executive board responsible for Gas and Power, commented on the acquisition: “This acquisition marks a key step forward in OMV Petrom’s firm commitment to develop a portfolio of around 2.5 GW of installed renewable energy capacity by 2030, capitalising on strategic partnerships. We want to meet the increase in demand for green energy and remain a reliable partner for our customers, while also contributing to the security of Romania’s energy supply. Our next step is to identify the right partners with whom to build these projects.”
Christian Jantzen, co-founder and CEO of Jantzen Renewables, highlighted the significance of the deal: “Today is truly a major milestone for Jantzen Renewables, for our partners, and for the Romanian energy sector. We are proud to significantly contribute to a greener future in Romania. Our mission is to power the country’s green energy transition, and this is a vital first step for us in achieving that vision. However, this is only the beginning, and we will continue to put significant resources into our mission in the coming years.”
The photovoltaic parks will be constructed in Teleorman County, a region with strong potential for solar energy production. Over their estimated 25-year operational lifespan, these parks are expected to generate more than 20,000 GWh of electricity. The annual production will be enough to supply approximately 70 percent of Bucharest’s annual household electricity consumption. The projects have already secured access to the national power transmission grid, with current estimates suggesting they will begin supplying electricity to the grid in the second half of 2026.
For more information www.omvpetrom.com
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