- The solar parks will have a total capacity of 550 MW and are expected to be operational by 2026.
- The total investment for the projects is over EUR 400 million, with 70% financed by the Modernisation Fund.
- OMV Petrom and CE Oltenia each hold a 50% stake in the projects.
- Over 200 mining technicians have been retrained as solar photovoltaic system installers.
Project Overview
OMV Petrom and CE Oltenia have commenced construction on solar parks in Ișalnița, Tismana, and Rovinari, with a combined capacity of approximately 550 MW. These projects aim to support national and European climate goals by providing renewable energy to power around 410,000 households annually.
Investment and Funding
The total investment for the four photovoltaic parks exceeds EUR 400 million. Approximately 70% of this investment is financed through the Modernisation Fund, with the first tranche of EUR 16 million received in December 2025. OMV Petrom and CE Oltenia are equal partners, each holding a 50% stake in the projects.
Timeline
The solar parks are expected to become operational in 2026, marking a significant step in transforming a region traditionally reliant on coal-based energy into a renewable energy hub.
Reskilling Initiative
As part of the transition to renewable energy, OMV Petrom supports the RenewAcad program in Târgu Jiu. This initiative, implemented by the Equal Opportunities Foundation with Wind Power Energy, has retrained over 200 mining technicians as solar photovoltaic system installers. The program is part of a broader effort that has already trained over 10,000 professionals for Romania’s energy transition.
