Romania's OMV Petrom opens tender for 710 MW PV project

OMV Petrom's Theia project will involve the construction of a solar farm split into three individual PV parks in Babaita commune, in Romania's southern county of Teleorman, the company said in a press release on Thursday. The parks will be connected to the existing Slatina-Bucuresti 400 kV overhead line, owned by Romanian transmission system operator Transelectrica [BSE:TEL].

The project is split into four lots, and companies qualified in engineering, procurement, construction and commissioning (EPCC) have until April 18 to place their bids for one or more lots.

The construction of the solar farm is expected to take two years.

OMV Petrom bought the 710 MW solar park project from Danish green energy projects developer Jantzen Renewables last year.

The company aims to have at least 1 GW of installed renewable capacity by 2030.

In a press release issued last year, OMV Petrom said that the project's estimated production for 25 years of operations is 23,900
GWh, enough to cover the equivalent of around 280,000 Romanian households' annual consumption.

Last year, OMV Petrom booked a net profit of 4.03 billion lei ($874.7 million/810.9 million euro), down from 10.3 billion lei in the previous year.

Austria's OMV Aktiengesellschaft holds a 51.157% stake in OMV Petrom. The Romanian economy ministry owns 20.698% and 28.145% is free float on the Bucharest bourse and the London Stock Exchange.

Shares in blue-chip OMV Petrom changed hands 0.45% higher at 0.6765 lei as at 1157 CET on Monday on the Bucharest bourse.

Blue-chip Transelectrica's shares traded 0.18% higher at 28.25 lei as at 1158 CET on Monday on the BVB.

(1 euro=4.9700 lei)