Renewables

Jantzen Renewables to sell 710 MW solar park project in Romania to OMV Petrom

solar-park-jantzen-renewables

Photo: Pexels

Published

June 30, 2023

Country

Comments

comments icon

0

Share

Published:

June 30, 2023

Country:

Comments:

comments icon

0

Share

Jantzen Renewables has agreed to sell a 710 MW solar project in Romania to OMV Petrom. The Helios 1 cluster of photovoltaic parks will be capable of supplying 280,000 Romanian households with electricity. OMV Petrom, a fuel retailer, targets 1 GW of solar power capacity by 2030.

Construction of the Helios 1 solar park cluster, located in Romania’s southern Teleorman county, is expected to begin in the second quarter of 2024, according to a joint announcement. Christian Jantzen, Co-founder & CEO of Jantzen Renewables, described its as “a great leap forward” in Romania’s green energy future and “one of Southeast Europe’s most significant solar power projects.”

Helios 1 is projected to generate 23,900 GWh of electricity over 25 years

The estimated electricity output over 25 years of operation is 23,900 GWh. The proposed photovoltaic parks have already been granted access to the Romanian power grid, the press release adds.

Jantzen Renewables has over 2 GW of renewables projects in the pipeline in Romania

Jantzen Renewables is currently developing more than 2 GW in renewable energy projects across Romania, the two companies said.

Frank Neel, a member of the OMV Petrom Executive Board, said the acquisition of the Helios 1 photovoltaic project supports the company’s strategic objective of reaching 1 GW of installed solar capacity by 2030, including through partnerships.

OMV Petrom is present on the oil products retail market in Romania and neighboring countries through approximately 780 filling stations under two brands – OMV and Petrom. It has an oil refining capacity of 4.5 million tons annually, and it also operates an 860 MW high-efficiency power plant, according to the press release.

Romania has more large solar projects in pipeline

Two other major solar power projects have been announced in Romania this year. In February, local media reported that government-controlled Hidroelectrica was the most likely candidate to take over Europe’s biggest solar power project, of up to 1.5 GW, on Romanian state land.

In March, it was announced that the construction of a EUR 1 billion solar power plant, with an installed capacity of 1.04 GW and a 500 MW storage unit, was due to begin this summer.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

statkraft resalta croatia deal

Resalta takes over Statkraft’s operations in Croatia 

21 July 2025 - Norway-based Statkraft has decided to leave India, the Netherlands and Croatia in October 2024. Resalta is part of Aggreko Group

Biggest PV plant Slovenia regular operation Moja elektrarna

Biggest PV plant in Slovenia begins regular operation

21 July 2025 - The largest solar power plant in Slovenia, built by Moja elektrarna, has only 7.1 MW in peak capacity and a 5 MW grid connection

Pexapark PPA activity in Europe drops in first half of 2025

Pexapark: PPA activity in Europe drops in first half of 2025

21 July 2025 - PPA activity in renewables in Europe fell 26% lower in year-on-year terms in the first half, but not everywhere and not due to solar power

bulgaria citi Kozloduy financing nuclear power plant

Bulgaria partners with Citi to secure financing for new nuclear power units in Kozloduy

18 July 2025 - The two sides have initiated a partnership for building units 7 and 8 at the existing 2,000 MW Kozloduy nuclear power plant