DRI, the EU renewables arm of Ukrainian energy company DTEK, has signed the largest physical solar power purchase agreement (PPA) in Romania with OMV Petrom S.A., the largest integrated energy producer in Southeastern Europe.
The PPA covers an 8.5 period for some 100GWh per year at a fixed rate, including the sale of physical electricity and Guarantees of Origin.
The agreement is set to begin in January 2026, with OMV Petrom purchasing 62% of the energy produced by DRI’s Glodeni 1 and Glodeni 2 solar plants.
The two projects have a combined capacity of 113MWp.
From January 2027, OMV Petrom will purchase 50% of the production from DRI’s Vacaresti 126MWp solar project, for which construction will start in 2025.
John Stuart, CEO of DRI said: “Securing long term corporate offtake agreements is essential to facilitate renewable energy growth, and it demonstrates that clean energy offers a competitive alternative.
“With this agreement, we help to both accelerate Romania’s energy transition and OMV Petrom strategic goals.”
DRI currently has 299MW in its portfolio in Romania, including the first wind farm built in the country in a decade.
The company aims to deliver 1GW of renewable energy and battery storage projects in Romania by 2030.