OMV Advances Renewable Strategy with Major Solar Initiative

OMV Petrom, the Romanian subsidiary of Austrian energy group OMV, has commenced construction on a significant solar power portfolio. The announcement, made just before the Christmas period, confirms the launch of a 550-megawatt photovoltaic project cluster. With a total investment exceeding 400 million euros, the initiative is notable for its substantial public funding, as approximately 70 percent is covered by grants from the European Union’s Modernisation Fund.

This development marks a concrete step in OMV’s strategic pivot from its traditional fossil fuel base. The four solar parks, being developed in partnership with CE Oltenia, will be located at Ișalnița, Tismana, and Rovinari sites. The planned commissioning date for the Read more...