OMV Petrom, the only local oil and gas producer, takes a strategic step forward by entering the Power Purchase Agreement (PPA) market with long-term green energy contracts. The company is currently developing a renewable energy portfolio of 2.5 GW, one of the largest in Romania. This positions it strongly to meet the growing demand for energy supply predictability and the increasing importance of ESG requirements.
Romania climbs the European PPA ranking
OMV Petrom is already among the country’s largest energy producers through its 860 MW gas-fired power plant in Brazi. The move into PPAs builds directly on its renewable energy pipeline.
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“The PPA market in Southeast Europe is experiencing accelerated growth in 2025, driven by the expansion of renewable capacities and regulatory changes,” according to an OMV Petrom presentation for industrial energy consumers.
The document also highlights that Romania entered the top 10 European PPA markets in 2024, with 514 MW of contracted long-term capacity, demonstrating growing market maturity.
Photo: bursa.ro
