CMS has advised DRI on physical power purchase agreements with OMV Petrom for three separate solar projects.
DRI is the EU renewables arm of Ukraine’s DTEK.
According to CMS, under the agreements, OMV Petrom will off-take electricity generated by DRI’s Glodeni I, Glodeni II, and Vacaresti solar projects. Beginning in January 2026, OMV Petrom will purchase 62% of the output from Glodeni I and II, while 50% of the Vacaresti output will be purchased starting in January 2027. Combined, the three projects have 239 megawatts of installed capacity, producing an estimated 100 gigawatt-hours annually across an 8.5-year term.
The CMS team included Partner Varinia Radu, Counsel Ramona Dulamea, Senior Consultant Filip Radu, and Associate Ada Romanti.
CMS did not respond to our inquiry on the matter.
