This paper investigates the integration of hydropower and solar energy within the Lower Olt River cascade as a pathway toward sustainable energy generation in Romania. The study focuses on the conceptual design of future hybrid power plants consisting of existing hydropower facilities where floating photovoltaic panels are proposed to be installed on the reservoir’s surfaces. An estimation of electricity production from both sources was performed, followed by the formulation of a trading strategy for the July–September 2025 period. The paper also explores the interaction between tactical and strategic management in hydropower operation and planning, describing how forecasting and decision-making processes are structured within the institutional framework. Finally, results for the selected hydropower plants demonstrate the positive influence of floating photovoltaic deployment on company performance, the national energy mix, and the overall sustainability of energy generation in Romania.