OMV petrom begins the execution of its first photovoltaic project, as the company awarded the EPPCC contract for the photovoltaic plant in Isalnita to an association of Romanian companies, according to an OMV Petrom press release.OMV Petrom, the largest integrated energy producer in Southeastern Europe, signed an EPCC - Engineering & Design, Procurement, Execution & Commissioning - type contract for the Isalnita solar project. The contract includes the construction of the photovoltaic park, the 110 kV power station for connection to the grid, as well as the operation and maintenance for a period of 2 years from commissioning.The contract was awarded to the association of Romanian companies Actual Connect S.R.L., Global Technical Systems S.A., Bit Invest S.R.L. and Alpin Sun S.R.L. following a competitive selection process. The association of companies accumulates an experience of over 700 MW installed in photovoltaic systems in countries such as Belgium, the Netherlands, Germany, Austria, Hungary and Romania, the press release reads."The signing of this contract marks a significant moment for our company, the start of the actual construction of the first large photovoltaic project fully developed by OMV Petrom. This project underlines our commitment to the renewable energy sector and demonstrates our ability to be leaders in the energy transition in Romania," said Franck Neel, OMV Petrom Executive Board Member responsible for Gas & Power, as quoted in the release.The Isalnita photovoltaic project, for which the final investment decision was taken in June of this year, is the first large-scale photovoltaic project fully developed by OMV Petrom. The park will have an installed capacity of approximately 89 MWp and is located in Isalnita commune, Dolj county. The estimated annual production will be approximately 130 GWh.The next step in this project is the start of construction, with completion and commissioning expected to take place in the first half of 2026.This project supports OMV Petrom's goal of having a portfolio of 2.5 GW of renewable energy projects, together with partners. The Isalnita photovoltaic power plant can develop strong synergies with other projects already in the portfolio, strengthening the security of electricity supply from renewable sources, the release also shows.Also, as part of the call for projects within Romania's National Recovery and Resilience Plan (PNRR), OMV Petrom has submitted a project to build a Battery Energy Storage System with a storage capacity of 36 MWh and a power injection into the grid of 18 MW. If successful, the system is to be installed within the Isalnita park, the company points out.
Homedit, a Romanian brand of premium furniture and home décor, announces the official opening of its first showroom, located in an interwar house in central Bucharest ("The Bamboo House”, located at No.3, Dumbrava Roșie St.). With a total investment of approximately EUR 12 million, the business was founded in 2016 as an online store by […]
The 32nd edition of the Sibiu International Theatre Festival (FITS) begins on Friday, June 20, bringing over 5,000 artists from 82 countries to the city. The events will take place over ten days and will transform the city into an "open-air stage, with large-scale productions, impressive installations, parades, fire shows, live music, aerial dances, and […]
The well-known science and nature channel Discovery is currently marking four decades since its global launch in 1985 with a special series titled "Discovery Changed My Life,” bringing testimonies from personalities whose vision was shaped by Discovery. Among those featured is also Romanian mountaineer and conservationist Alex Găvan. The series premieres on Sunday, June 22, […]
Meta Estate Trust (MET), a holding company operating in the real estate sector, has invested approximately EUR 2 million in a new retail park currently under development in Ciolpani, a commune located on the Bucharest–Ploiești corridor (DN1), it said. The project is scheduled to be completed and handed over to tenants this year, with an […]
Romania benefits from a series of favorable factors that facilitate the growth and expansion of data center capacity and could emerge as a developing market, according to an analysis conducted by the real estate consultancy company Cushman & Wakefield Echinox. A diversified energy mix, with over 50% of energy production coming from renewable sources, along […]
The German company DEHN, a manufacturer of electrical engineering solutions for critical infrastructure, including lightning and surge protection, as well as safety equipment, will open a production site in Piteşti, southern Romania. The facility, the company's first in the country, will expand its capacities to serve customers in Europe. It fits seamlessly into the company's […]
