Deloitte Romania assisted OMV Petrom in the acquisition of several photovoltaic park projects from Jantzen Renewables
Deloitte Romania assisted OMV Petrom in the acquisition of several photovoltaic park projects to be developed in Teleorman county from the Danish company Jantzen Renewables. The transaction, signed in June 2023, was recently completed, following approval from the Commission for the Examination of Foreign Direct Investments.
With an installed capacity of approximately 710 MW, the photovoltaic parks acquired by OMV Petrom are among the most important projects of this type in South-Eastern Europe. They are currently in the “ready-to-build” stage and have already received access to the national electricity transmission network, and will supply electricity starting from the second half of 2026, according to the current plan.
A multidisciplinary team from Deloitte Romania provided the financial and tax due diligence and valuation services. Radu Dumitrescu, Partner-in-Charge, Marius Vasilescu, Partner, Vlad Balan, Director, Sorin Rugina, Manager, and Andreea Dobrota, Associate, from the Financial Advisory practice, and Dan Badin, Partner, Laura Bobar, Senior Manager, and Ana Bica, Senior Consultant, from the Tax department, contributed to the success of the project.
“Through this project, our team is proud to have been able to assist once again the leader of the energy sector in our country in finalizing another step in their ambitious and extremely broad transition plan to «green» energy,” said Radu Dumitrescu, Financial Advisory Partner-in-Charge, Deloitte Romania.
