OMV Petrom, the largest integrated energy producer in southeastern Europe, announced the signing of design and execution contracts for four photovoltaic parks in partnership with Complexul Energetic Oltenia (CE Oltenia).
The four projects will have a combined installed capacity of around 550 MW, exceeding the original estimate of 450 MW, thanks to contractor-proposed solutions designed to optimize power generation. These projects will be developed on land owned by CE Oltenia, located in Gorj and Dolj counties.
The electricity produced will be supplied to the National Power Grid and is anticipated to meet the annual electricity needs of approximately 410,000 households in Romania.
Frank Neel, Member of the Executive Board of OMV Petrom responsible for Gas and Power, stated that the signing of the contracts strengthens the company’s position in the renewable sector. He highlighted OMV Petrom’s goal, under Strategy 2030, to develop 2.5 GW of renewable capacity through wind, solar, and partnerships, building on its experience in power generation since 2012 with the Brazi gas-fired plant. Neel emphasized that a strong project portfolio is underway to support Romania’s energy transition.
Two contractors have been chosen to execute the projects. A consortium of US-based Ameresco and Greece-based Sunel will handle the design and construction of three of the four photovoltaic parks — Rovinari, Tismana 1, and Tismana 2 — totaling around 460 MW in capacity. The fourth photovoltaic park, with an estimated capacity of 90 MW, will be developed by Turkish firm Girisim Elektrik on the slag deposit of the former CE Ișalnița power plant site.
The total investment for the four photovoltaic parks exceeds EUR 400 million, of which approximately 70% is financed through the Modernization Fund. OMV Petrom and CE Oltenia are equal partners in the projects, each holding a 50% stake.
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