OMV Petrom, the largest integrated energy producer in Southeastern Europe, together with Complexul Energetic Oltenia (CE Oltenia), announce the photovoltaic projects have entered the construction phase. Located in Ișalnița, Tismana, and Rovinari, the parks will have a total installed capacity of approximately 550 MW. The four parks are expected to become operational in 2026.

“Through these projects, OMV Petrom reaffirms its commitment to a low-carbon energy future, contributing to Romania’s and the EU’s climate objectives. We are transforming a region with a long-standing tradition in coal-based energy into a renewable energy hub”, said Franck Neel, member of OMV Petrom’s Executive Board responsible for Gas and Power.

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 approximately EUR 16 million, was received in December 2025.

OMV Petrom and CE Oltenia are equal partners in the projects, each holding a 50% stake.