en.Wedoany.com Reported - OMV Petrom has made a final investment decision for the Gabare project in the Byala Slatina region of Bulgaria, which is considered one of the country's largest integrated solar and battery storage facilities. The construction includes a photovoltaic plant with a capacity of approximately 415 MWp and a battery energy storage system with a capacity of about 600 MWh.

The total estimated investment for project development is approximately €300 million, of which about €100 million is specifically allocated to the storage component. The project will be developed by Dunav Solar Plant OOD, a company equally owned by OMV Petrom and Enery, with funding sourced from the partners' own funds and external financing.

The Gabare project has obtained the necessary permits and is in the preparation phase for construction; construction will commence after the signing of construction contracts, with first power generation expected in 2028. A power purchase agreement ensures that OMV Petrom will acquire 50% of the future solar plant's electricity output.

Franck Neel, a member of OMV Petrom's Executive Board, stated that this is the company's first battery storage project, marking an important step in developing a modern energy portfolio where renewable energy and flexible solutions complement each other, while also expanding its regional presence in Bulgaria.

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