OMV Petrom, CE Oltenia to develop 450 MW of Romanian solar PV projects

Together with CE Oltenia, OMV Petrom will construct four photovoltaic (PV) projects in Romania with an installed capacity of around 450 MW. The facilities are expected to contribute to the national power grid beginning in 2024.

Approximately 70% of the total required investment of EUR400 million (US$391.76 million) will be funded by the Modernization Fund of the European Union.

The solar farms will be developed in the locations of former CE Oltenia mines in Isalnita, Tismana, Rosia, and Rovinari. OMV Petrom and CE Oltenia will each offtake 50% of the  power output.