“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 longstanding 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.
Located in Isalnita, 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 and the electricity produced is expected to cover the equivalent of around 410,000* households’ annual consumption, contributing to national and European climate goals
The total investment value for the four photovoltaic parks is over EUR400 million, with approximately 70% financed through the Modernization Fund. The first tranche of this financing, in amount of approximately EUR16 million, was received in December 2025.
OMV Petrom and CE Oltenia are equal partners in the projects, each holding a 50% stake.
“OMV Petrom supports the RenewAcad program in Targu Jiu, implemented by the Equal Opportunities Foundation with the support of Wind Power Energy, through the RenewAcad training center. As part of the program, in the past two years, over 200 mining technicians have been retrained as solar photovoltaic system installers, acquiring essential skills for integration into a sustainable economy. This initiative is part of a broader effort that has already trained over 10,000 professionals for Romania’s energy transition,” the press statement reads.
OMV Petrom shares, listed under the stock symbol SNP on the Bucharest Stock Exchange, have traded 38% higher so far in 2025, triggering a market capitalization of RON61 billion.