Croatian state-owned oil transportation company JANAF said that it will enter Croatia’s renewable energy market as part of its goal to develop new sources of financing, sustainability and profitability in the long term.
The statement from the company said that it has adopted business and development strategy until 2030 with a vision to 2050, under which it aims to diversify into low-carbon activities as the whole energy sector will cut the usage of oil and oil derivatives and will boost usage of energy from renewable energy sources.
Some main strategic initiatives have been defined to enable JANAF’s adjustment to current market trends. These initiatives are related to the
company’s entry in renewable energy market, investments in new technologies, and improvement of the company’s annual revenue, the statement said without citing figures.
In late 2020, JANAF launched its first RES project – integrated small-scale solar power plant with an installed capacity of 90 kW was put into operation at Zitnjak oil terminal.
The solar panels are installed on approximately 600 square meters of roof area on the auxiliary building at Zitnjak terminal. The new plant will produce about 110,000 kWh of electricity per year, thus providing some 10,000 euros in savings and reducing the CO2 footprint by 65 tons per annum.
The project was financed by JANAF’s resources. JANAF operates 631 kilometers of oil pipeline in Croatia and owns several oil terminals, with total storage capacity of 1.94 million cubic meters of oil and 220,000 cubic meters of petroleum products.
