September 19 (SeeNews) - Romanian integrated energy company OMV Petrom said on Monday it has invested 3 million euro ($2.99 million) for the installation of photovoltaic panels at 110 filling stations.
By the end of this year, the number of filling stations equipped with photovoltaic panels in expected to increase to 150 units, thus covering around 30% of the OMV and Petrom branded filling stations in Romania, the company said in a press release.
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The photovoltaic panels are expected to produce 2,700 MWh per year, which is equal to the yearly energy requirement for 1,500 apartments.
"Our objective is that, by 2025, half of the entire network of OMV Petrom stations in Romania will be 'solar' stations, with low energy consumption," said member of the OMV Petrom Executive Board, Radu Caprau.
The company announced in June that it plans to invest 3.7 billion euro for the generation of new projects with low and zero carbon emissions by 2030 and that it has set out to achieve carbon neutrality for its own operations by 2050.
OMV Petrom is a Romanian integrated energy company, controlled by Austria's OMV. The Romanian State owns 20.6% of the company, which is listed dually on the Bucharest Stock Exchange and the London Stock Exchange, with a current market capitalization of around 25.8 billion lei.
Its shares traded 1.76% lower at 0.4470 lei on the Bucharest Stock Exchange by 1215 CET on Monday.
($=1.0025 euro)
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