Energy producer OMV Petrom and state-owned energy company Complexul Energetic Oltenia (CE Oltenia) announced that construction works have started on four photovoltaic projects with a total installed capacity of approximately 550 MW.<\/p>\n
Located in I\u0219alni\u021ba, Tismana, and Rovinari, the parks are expected to become operational in 2026.<\/p>\n
The total investment value for the four photovoltaic parks is over EUR 400 million, with approximately 70% financed through the Modernisation Fund. The first tranche of this financing, in amount of approximately EUR 16 million, was received in December 2025.<\/p>\n
OMV Petrom and CE Oltenia, a coal mining and power complex transitioning toward low-carbon energy production, are equal partners in the projects, each holding a 50% stake.<\/p>\n
\u201cThrough these projects, OMV Petrom reaffirms its commitment to a low-carbon energy future, contributing to Romania\u2019s and the EU\u2019s climate objectives. We are transforming a region with a long-standing tradition in coal-based energy into a renewable energy hub,\u201d said Franck Neel, member of OMV Petrom\u2019s Executive Board responsible for Gas and Power.<\/p>\n