19 Sep 2022 08:47
OMV Petrom S.A.
Investor News
September 19, 2022
OMV Petrom has installed photovoltaic panels in 110 OMV and Petrom filling stations in Romania and aims to reach 150 units by the end of 2022
► The amount of electricity produced by the photovoltaic panels covers up to 25% of the consumption of a filling station
► OMV Petrom's investments in this project amount to around EUR 3 million, up until now
OMV Petrom, the largest integrated energy company in South-Eastern Europe, has installed photovoltaic panels in 110 OMV and Petrom filling stations in Romania. Around EUR 3 million were invested until now in this project. By the end of this year, the number of filling stations equipped with photovoltaic panels in expected to increase to 150 units, thus covering around 30% of the OMV and Petrom branded filling stations in Romania. The estimated annual production of the photovoltaic panels will be 2,700 MWh, which is equivalent to the annual power needed for 1,500 apartments.
Radu Căprău, member of the OMV Petrom Executive Board, responsible for Refining and Marketing: "Reducing carbon emissions is a very important objective for us, whether we are talking about our own operations or the products we provide to our customers. By installing the photovoltaic panels, our retail network is taking a step forward in this direction. Our objective is that, by 2025, half of the entire network of OMV Petrom stations in Romania will be "solar" stations, with low energy consumption."
OMV Petrom has set out to achieve carbon neutrality for its own operations by 2050 and to contribute to the decarbonisation process of its customers. To generate new projects with low and zero carbon emissions, the company will invest EUR 3.7 billion out of its EUR 11 billion plan until 2030. This is the largest private investment plan in the Romanian energy sector.
About OMV Petrom
OMV Petrom is the largest integrated energy company in South-Eastern Europe, with an annual Group hydrocarbon production of approximately 47 million boe in 2021. The Group has a refining capacity of 4.5 million tons annually and operates an 860 MW high-efficiency power plant. The Group is present on the oil products retail market in Romania and neighboring countries through approximately 790 filling stations under two brands - OMV and Petrom.
OMV Petrom shares are traded on the Bucharest Stock Exchange and the London Stock Exchange. OMV Aktiengesellschaft, one of the largest listed industrial companies in Austria, holds a 51% stake in OMV Petrom. The Romanian State, through the Ministry of Energy, holds 20.6% of OMV Petrom shares, and 28.4% is owned by natural and legal persons.
OMV Petrom is the largest contributor to the state budget, with approximately 35 billion euro in taxes and dividends paid between 2005 and 2021. During the same period, the company invested approximately 17 billion euro.
Since 2007, OMV Petrom has included corporate responsibility principles into its business strategy. Between 2007 and 2021, the company has allocated over 80 million euro to develop communities in Romania, focusing on environmental protection, education, health, and local development.
On July 29th, 2020, OMV Petrom announced its support for the recommendations issued by the Task Force on Climate-related Financial Disclosures (TCFD) regarding risks and opportunities on climate change.
Contact:
OMV Petrom Investor Relations
Tel: +40 372 161930, Fax: +40 372 868518
e-mail: investor.relations.petrom@petrom.com