Investments in the production of electricity from renewable energies are a tangible contribution of the Oil Group to solving the current energy crisis and, at the same time, to the sustainable strengthening of the autonomy and energy transition of households, economy and the country
Knin, May 10, 2022 – After Vjetroelektrarna Ljubač doo received the status of licensed producer on April 4, 2022, the Petrol Group today officially launched its second wind farm – the Ljubač wind farm near Knin (Croatia) – which provides green energy to 30,000 average households. Nine wind turbines will produce approximately 96 GWh of electricity annually. This wind farm also marks the first oil project fully implemented without any financial support or subsidy. In total, the Oil Group currently operates: 2 wind power plants, 30 small solar power plants and 6 small hydropower plants. The Oil Group is continuing its efforts towards a sustainable energy transition in Croatia with an investment in three large solar power plants in the Knin region of Croatia. The solar power plants, with a total investment value estimated at 17 million euros, will start producing electricity at the beginning of 2023.
By building its own electricity production capacities production from renewable energy sources (RES), the Oil Group is pursuing its strategic orientation aimed at becoming a visible regional supplier of global energy and environmental solutions, and a partner in the development of the circular economy for the transition to a low-carbon society. Groupe Pétrole sees great potential in wind energy and plans, builds and manages wind farms in places where it is possible to exploit wind potential in an economically efficient and environmentally friendly way.
The official commissioning of the Ljubač wind turbineplant represents an important step in the production of electricity from RES by the Petroleum Group, which aims to become an integrated partner in the energy transition, also in Croatia. The Ljubač wind farm in Croatia, near Knin, was tested by Petrol in July last year. This is its second wind farm, providing green energy to more than 30,000 average households. This is Petrol’s first project to produce electricity from RES without financial support or subsidies.
On April 4, 2022, Vjetroelektrarna Ljubač doo received the status of licensed producer, followed by the official opening of the Ljubač wind farm today, May 10, 2022. Petrol marked this milestone with a gala opened by Nada Drobne PopovicChairman of the Management Board of Petrol, and Boris AntolovicChairman of the Board of Directors of Petrol doo Zagreb, in the presence of Ivo MilaticState Secretary at the Ministry of Economy and Sustainable Development of the Republic of Croatia, Marko JelicMayor of Šibenik-Knin County, and other guests from decision makers, business partners and the local community.
“Today’s event is reminiscent of the current energy price increases and the uncertain situation in the energy markets, which has been a year-long reminder to us of the need to act. We are already doing this within the Oil Group: investments in the production of electricity from renewable energy sources are a tangible contribution of the Oil Group to solving the current energy crisis and, at the same time, to the sustainable strengthening of the self-sufficiency and the energy transition of households, the economy and the country”, mentioned Nada Drobne PopovicChairman of the Management Board of Petrol dd, during the opening ceremony, “Petrol is one of the largest energy companies in the region and one of the first to actively engage in the energy transition to a low-carbon society. The production of electricity from renewable sources is l one of the key activities for the future development of the Petrol Group into a modern sustainable energy company. Most of our investments in renewable energy to date have been focused on the Croatian market, which is of strategic importance for the Petrol Group. On the occasion of today’s event, I would like to especially thank the local community, professional institutions and decision-makers for their partnership and support in the Ljubač project. We are also happy to see the interest of local communities and companies in Croatia for energy efficiency projects, which also make an important contribution to the energy transition that. We believe that in such projects we share a common interest in the protection of our planet and a green future. At Petrol Group, we are already seeking war to invest in three solar power plants in the Knin region, from which we can expect green electricity early next year.”
Ljubač wind farm consists of nine Nordex wind turbines with a nominal capacity of 3.6 MW, with a total installed capacity of 32.4 MW. The planned annual production is 96 GWh of electricity, enough to power 30,000 average homes. The start of operation of the Ljubač wind farm means that Petrol now owns two wind farms in Croatia. In 2017, the company established the Glunača wind farm near Šibenik, which consists of nine wind turbines, each with a rated output of 2.3 MW, which provide enough energy for 15,000 average households. Together with Ljubač WF, they now generate enough electricity to power up to 45,000 average households.
The oil group has been present for a long time in the field of renewable electricity production. In total, the Oil Group currently operates: 2 wind power plants, 30 small solar power plants and 6 small hydropower plants. Petrol implements most of its projects in the field of power generation from renewable energy sources in Croatia, Bosnia and Herzegovina and Serbia, which have significant wind, solar and hydropower potential. At the end of 2021, the Oil Group has a total installed capacity for renewable electricity generation of 68.9MW. By 2025, the Oil Group aims to exceed an installed capacity of 160 MW by developing and implementing projects for the production of electricity from RES, both for its own needs and for the sale of electricity. The commitment to green energy transition means that the Oil Group will allocate 35% of its total investment potential of €698 million over the 2021-2025 strategic period to energy transition investments, the largest of which part will be earmarked for investments in renewable energies. energy production.
An important next step in Petrol’s energy transition is the investment in the Knin solar power plantsregion in Croatia. These are three large solar power plants with a total installed capacity of 22 MW and a planned electricity production of 29 GWh. The solar power plants, with a total estimated investment value of 17 million euros, will start producing electricity at the beginning of 2023. By investing in the installation of three solar power plants in the Knin region, the Group Petroleum responds to the increased demand for electricity, while continuing Petrol’s commitment to transition to a decarbonized society and a green future, and to support businesses, local authorities and households in their energy transition.
The Oil Group also supports the energy transition through energy efficiency projects. In Croatia, it has already carried out several projects of this type for local authorities, including: the renovation of public lighting (Kraljevica, Oriovac, Podbablje, Pušća, etc.), the optimization of drinking water supply (Čakovec, Međimurje Waters, Slavonski Brod) and optimization of district heating (Zagreb, Sisak, Osijek). In addition, the Petrol Group is active in energy projects in Croatian industry, with a focus on photovoltaics. Finally, the continued expansion of electric charging infrastructure contributes to the energy transition. Groupe Pétrole is present with charging infrastructures in Slovenia, Croatia, Serbia and Montenegro. They own and operate over 300 charging stations in the region, ranging from super-fast and fast to those with conventional charging power. According to the strategy, their network will include 1,575 electric vehicle charging stations by 2025.