Renewables

Petrol to install three solar power plants in Croatia

Petrol to install three solar power plants in Croatia

Photo: fabersam from Pixabay

Published

February 21, 2022

Country

Comments

0

Share

Published:

February 21, 2022

Country:

Comments:

0

Share

Oil and gas company Petrol Group intends to invest EUR 17 million in three solar power plants near the town of Knin in the southern part of Croatia.

The investment in solar photovoltaic facilities is part of Petrol’s commitment to the transition to green energy. The company plans to allocate 35 percent of the total investment portfolio of EUR 698 million for investments in energy transition over the period 2021-2025, and the largest part will be invested in renewable energy.

The supervisory board of Petrol gave its consent to the management board to invest in solar power plants near the city of Knin in Croatia, the company said on its website.

The installed capacity of the PV facilities is 22 MW with expected electricity production of 29 GWh. The start of production is planned for early 2023.

According to the company, the development of projects for the first three large solar power plants was finished in 2021. The investment includes 10 MW Suknovci power plant, 6.3 MW Pliskovo PV facility, and 5.7 MW Vrbnik power plant.

The Petrol Group has a total installed capacity of 68.9 MW for the production of electricity from renewables

At the end of 2021, the Petrol Group had a total installed capacity of 68.9 MW for the production of electricity from renewable energy sources. It operates 2 wind farms, 30 smaller solar power plants and 6 small hydropower plants. The facilities are located in BiH, Croatia, and Serbia.

Wind farms Glunča and Ljubač are in Croatia. Five SHPPs: Jeleč, Jezernica, Mujakovići, Majdan, and Botun are in BiH, while one – Grajići, is in Serbia.

Nada Drobne Popović, President of the Management Board of Petrol, said that the installation of the three solar power plants near Knin is Petrol’s response to the increased electricity needs.

“Investment in three PV facilities is a step in achieving our target to have 160 MW of installed capacity in renewable energy sources by the end of 2025,” said Janez Žlak, chairman of the supervisory board.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Tender for desulphurization plant construction in TPP Tuzla open until November 15

Tender for desulphurization unit in Tuzla coal plant open until November 15

04 October 2022 - State-owned power utility EPBiH announced a tender for a flue gas desulphurization facility for unit 6 in TPP Tuzla

epcg gvozd 2024.

EPCG secures financing for Gvozd wind farm

03 October 2022 - EPCG is blaming the pandemic for the delay in the implementation of the 54.6 MW Gvozd wind farm project, Vijesti reported

CE Oltenia OMV Petrom four PV plants JVs

CE Oltenia, OMV Petrom to build four PV plants through JVs

03 October 2022 - OMV Petrom and CE Oltenia agreed to build four solar parks with a combined capacity of 450 MW at former coal mining locations in Romania

solar wind investments EU price cap

Wind, solar investors threaten to leave Europe because of revenue cap

03 October 2022 - The EU's wind and solar industries are threatening investments could go elsewhere after EU energy ministers voted to roll out revenue caps