OMV Petrom, the largest integrated energy company in South-Eastern Europe, commissioned its first photovoltaic park whose electricity will be used for its own consumption, within the Exploration and Production division.
The park includes nearly 1,000 photovoltaic panels installed on an area of 5,500 square metres and it will produce more than 4,600 megawatt-hours (MWh) 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.
“This project is a first for us and is part of the energy efficiency program, through which we aim to reduce our environmental impact,” said Chris Veit, member of the OMV Petrom Executive Board, responsible for Exploration and Production. “We will continue developing such projects that support our objective of decarbonising operations.”
Since 2010, OMV Petrom has invested approximately 72 million euros in developing projects that supply electricity or electric and thermal energy for production activities. Currently, 65 per cent of the electricity needs for exploration and production activities is generated internally. The medium-term objective is that the entire electricity needs to be exclusively supplied from internal sources.