Powering the future with renewable energy
Renewable energy comes from natural sources that are continually and naturally replenished, such as sunlight or wind. Investment in renewable power is a key part of our Climate Transition Plan, which sets out concrete actions currently defined through 2030 in support of our ambition to become a net-zero business by 2050.
At OMV, we are investing 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 among the key decarbonization levers in our Climate Transition Plan as we work towards net zero by 2050.
- They diversify our energy supply
- They can reduce our dependence on fossil fuels
- They are inexhaustible, ensuring a stable energy supply for future generations
- 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
- 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 (MW) and produces approximately 14 gigawatt hours (GWh) of renewable energy per year, 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.
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.
Power Purchase Agreements in Austria and Germany
Power Purchase Agreements form a cornerstone of our renewables strategy.
In Germany, we have partnered with Statkraft to source over 360 GWh of wind power from 2025 to 2030. 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 energy projects see here.