OMV Petrom moves ahead with Gabare project in Bulgaria

Romanian institution OMV Petrom has announced a last concern determination for the Gabare star vigor and artillery retention task successful Bulgaria, moving the improvement into its adjacent phase.

The institution volition put astir €300m ($347.5m) successful the project, which is said to beryllium 1 of the largest integrated renewable vigor schemes successful Bulgaria.

The Gabare task is located successful the Byala Slatina region. It volition comprise a photovoltaic works with an approximate capableness of 415MW-peak (MWp) and a artillery vigor retention strategy susceptible of storing astir 600MW-hours (MWh).

Of the full investment, astir €100m volition beryllium allocated specifically to the vigor retention element. Financing volition beryllium sourced some internally from the task partners and done outer funding.

Development of the Gabare tract volition beryllium managed by Dunav Solar Plant, a institution jointly owned by OMV Petrom and Enery, with each holding a 50% stake.

The partners archetypal announced the associated task for the Gabare task connected 23 June 2025, outlining plans to enactment flexibility and stableness successful the energy grid.

The required permits for Gabare are already successful spot and the task has reached the ready-to-build stage, according to OMV Petrom.

Construction is scheduled to statesman erstwhile the main declaration is signed, with archetypal energy accumulation projected for 2028.

OMV Petrom volition acquisition 50% of the powerfulness generated astatine the tract done a powerfulness acquisition agreement.

OMV Petrom Gas & Power enforcement committee subordinate Franck Neel said: "Our archetypal artillery retention task marks an important measurement successful the improvement of a modern vigor portfolio, wherever renewables and flexibility solutions complement each other.

"At the aforesaid time, we are expanding our determination footprint by processing projects successful Bulgaria, successful summation to Romania."

The institution has long-standing operations successful Bulgaria, including 93 filling stations, earthy state income to non-household customers and offshore exploration activities successful the Black Sea.

"OMV Petrom moves up with Gabare task successful Bulgaria" was primitively created and published by Power Technology, a GlobalData owned brand.