Business Forum • 17 April, 2025 at 7:04 AM
Oil major OMV Petrom and state-owned Complexul Energetic Oltenia (CE Oltenia) have signed contracts to design and execute four photovoltaic parks in Romania.
The projects, located in Gorj and Dolj counties on land owned by CE Oltenia, will have a total installed capacity of approximately 550 MW, exceeding the initial estimate of 450 MW.
Frank Neel, Member of the Executive Board of OMV Petrom, said the company aims to be a key player in Romania's energy transition, with the ambitious target of developing 2.5 GW of capacity, including partnerships, from renewable sources - wind and solar.
The total investment for the four parks will top €400 million, with roughly 70% funded by the Modernisation Fund.
Two contractors have been selected to handle the implementation of the projects. A consortium comprising US-based Ameresco and Greece-based Sunel will manage the design and execution of three parks—Rovinari, Tismana 1, and Tismana 2—with a combined capacity of approximately 460 MW. The fourth park, with a capacity of 90 MW, will be constructed by Turkish company Girisim Elektrik at the former CE Ișalnița power plant site.
The electricity generated by these parks is projected to meet the annual consumption needs of around 410,000 Romanian households.
OMV Petrom and CE Oltenia will be equal partners in these ventures, each holding a 50% stake.