OMV Petrom to become Romania’s biggest EV charging provider
Furthermore, the company says that it will increase the number of Renovatio charging points to about 650 by the year 2026. OMV Petrom has an existing network of approximately 270 EV charging points, including through partnerships. The transaction is expected to close in the first half of this year, “after fulfilment of certain conditions.”
In July 2023, Bucharest-based energy company OMV Petrom announced its plan to install more than 400 new HPC points with a capacity of 150 kW each at 98 locations in Romania, Slovakia and Hungary by the end of 2025. Most of the locations (80) will be in Romania. It also previously collaborated with Renovatio, for example in 2021, when the two companies announced plans to install EV chargers in Moldova.
Taking over the EV charging network is not the only deal the energy company announced. It will also acquire a 50 per cent stake in Electrocentrale Borzesti, a subsidy of RNV Infrastructure. The company operates renewable energy sources with a capacity of one gigawatt. The partners plan to invest 1.3 billion euros by 2027 to push renewables in Romania.
“We welcome the partnership with Renovatio. With these transactions we progress significantly towards building a strong and diversified portfolio of renewable projects. Our ambition is to maintain our leadership position in the energy field in South-Eastern Europe, while transforming the business for a lower carbon future,” says Christina Verchere, CEO of OMV Petrom.
“We are thrilled to partner with OMV Petrom for building projects of approximately 1 GW that will deliver green energy in Romania, along with continuing the sustainable development of electric mobility services,” adds Renovatio CEO Aurel Arion. “We strongly believe that together, by combining our strengths and values, we will contribute to achieving the objectives of the European Green Deal, as well as a healthier environment for the industry and the community.”
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