Powering the future with renewable energy
Renewable energy comes from natural sources that are continually and naturally replenished, such as sunlight or wind. It's an essential part of our journey to net-zero emissions, helping us build a cleaner, more secure energy future.
At OMV, as part of our transition to a low-carbon future, we are are investing more in renewable power, focusing on:
- Solar power, which harnesses the sun’s energy
- Wind power, which uses turbines to convert the kinetic energy of wind into electricity
Why renewable energy matters
Renewable energy sources offer a range of benefits:
- They are a key decarbonization levers we have as we move towards net zero
- They diversify our energy supply
- They reduce our dependence on fossil fuels
- They are inexhaustible, ensuring a sustainable energy supply for future generations
- They create economic development and jobs
- They have low operating costs
While some renewable energy sources, such as solar and wind power, are dependent on weather conditions, others like geothermal are constant. To ensure a reliable energy supply, we’re also exploring storage solutions that help balance fluctuations and keep power flowing when conditions change.
Our solar and wind power strategy
- Invest in renewable power assets, primarily in Southeastern Europe, with a target of 2,4 TWh production by 2030
- Build a portfolio of Power Purchase Agreements (PPAs) in Western Europe and invest selectively in renewable power projects to supply power for our operations
Our key projects and activities
Our photovoltaic plant in Neusiedl an der Zaya
With a peak capacity of 5.6 megawatts – enough to power approximately 1,500 households – the PV Neusiedl Industrial Project will provide renewable power for the 140-megawatt green hydrogen plant in Bruck an der Leitha in the future. Combining renewable power assets and hydrogen production creates a more integrated setup and was made possible through our strong collaboration with Verbund as a key partner in the engineering and construction phase.
Schönkirchen-Reyersdorf:
One of the largest solar power plants in Austria
We partnered with VERBUND to build one of the largest solar power plants in Austria at our landfill site in Schönkirchen-Reyersdorf. Fully operational since mid-2022, the plant has a total peak capacity of 15 megawatts (MWh) and produces approximately 14 gigawatt hours (GWh) of renewable energy, which helps to power our day-to-day operations.
Hywind Tampen: The world’s first floating wind farm
OMV 19% share
Hywind Tampen is the world's first floating wind farm, with a capacity of 88 megawatts (MW). It started generating electricity in 2022 and achieved full operational status in 2023 when the last four turbines were installed. The farm now supplies part of the energy needs of the Gullfaks and Snorre fields, reducing annual CO2 emissions by 200,000 metric tons and nitrogen oxide emissions by 1,000 metric tons.
Our solar power plant in Lobau
In early 2022, commercial operation began at our new solar power plant in Lobau. The plant uses a tracker system to follow the path of the sun, improving output by around 10%. Production efficiency is increased by a further 5% due to the use of bifacial modules that capture sunlight on both sides. In 2023, this plant produced around 7 GWh of renewable energy, meeting around 45% of the tank farm’s annual electricity demand and cutting CO2 emissions by 2,100 metric tons.
Power Purchase Agreements in Austria and Germany
Power Purchase Agreements form a cornerstone of our renewables strategy, helping to reduce emissions, strengthen energy security, and support the expansion of renewable generation across our European core markets.
In Germany, we have partnered with Statkraft to source over 360 GWh of wind power from 2025 to 2030, supporting the decarbonization of our local operations. In Austria, long-term PPAs with Verbund, ImWind, and Enery will supply around 470 GWh of renewable electricity between 2024 and 2034, covering more than 35% of the external electricity needs of the Schwechat refinery and Adria Vienna Pipeline and enabling the production of green hydrogen.
For OMV Petrom renewable renewable energy projects see here.