en.Wedoany.com Reported - Romanian energy company OMV Petrom has made a final investment decision for the Gabare solar-plus-storage project in Bulgaria. Located in the Byala Slatina region of Vratsa Province, the project plans to develop approximately 415 MW of photovoltaic power generation capacity, paired with about 600 MWh of battery energy storage system. The total estimated investment for the project is around €300 million.

The Gabare solar-plus-storage project will be implemented through Dunav Solar Plant OOD, a company jointly owned by OMV Petrom and Austrian renewable energy firm Enery, each holding a 50% stake. Of the project investment, approximately €100 million will be allocated to the battery energy storage system. The project has obtained all necessary permits and is ready for construction, with work set to commence after the signing of construction contracts. Under the current schedule, the Gabare project is expected to achieve first power generation in 2028.

OMV Petrom has secured 50% of the photovoltaic plant's electricity output through a power purchase agreement. With the simultaneous advancement of 415 MW of solar capacity and 600 MWh of battery storage, the Bulgarian solar-plus-storage project will form a combined configuration on both the generation and regulation sides, providing project support for local renewable energy integration, power balancing, and energy storage applications. This project will also become one of OMV Petrom's key assets in advancing its regional energy business in the Bulgarian market.

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