Romanian largest oil and gas company OMV Petrom announced that it has completed a small- scale solar power plant in Icoana, Olt county.
The plant consists of 1,000 solar panels, covering the area of 5,500 square meters. Produced electricity will be used by OMV Petrom for its own operations. The plant will produce more than 4.6 GWh of green electricity throughout their entire life cycle, estimated at 13 years. By replacing the conventional electricity source, the carbon dioxide emissions will be reduced by more than 1,200 tons throughout the entire life cycle of the panels.
Executive Board Member Chris Veit said that this project is a first for the company and is part of the energy efficiency program, through which it aims to reduce its environmental impact. OMV Petrom will continue developing such projects that support its objective of decarbonizing operations.
Since 2010, OMV Petrom has invested approximately 72 million euros in developing projects that supply electricity for its own consumption. Currently, 65 % of the electricity needs of exploration and production activities is generated internally. The medium-term objective is that the entire electricity needs to be exclusively supplied from internal sources.
