OMV Petrom has reached a final investment decision (FID) for its Gabare solar and storage project in Bulgaria, incorporating a 415 MW solar power plant and a 600 MWh BESS (OMV Petrom press release, 15/06/2026). The project is being developed by Dunav Solar Plant OOD, a 50:50 JV between OMV Petrom and Enery. The project has already secured the necessary permits and is ready to start construction soon, with first power production scheduled for 2028. Requiring an estimated EUR300m (USD348m) investment, the installation allocates EUR100m to the battery component. OMV Petrom has also secured a PPA to acquire half of the project’s solar generation.
According to Enerdata’s Global Energy Research, Bulgaria’s aims to reach 1.6 GW of storage capacity in 2030 and 2 GW in 2040.
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