The International Energy Agency (IEA) launched a non-binding policy roadmap on System Integration of Renewables for Moldova, as the country wants to increase the share of renewables in its energy mix by 2030 and ensure the security of energy supply while enhancing the European integration.
The Roadmap examines tangible steps the government can take to enhance Moldova’s power system, facilitate investment in renewables, remove barriers to deployment and establish flexible electricity markets.
“Now more than ever, the energy sector of Moldova proves how vulnerable and how dependent we are on the imports of energy resources. In this regard, we need to take necessary action and ensure citizens with safe and clean energy to strengthen energy security and reduce imports of energy resources”, said Constantin Borosan, State Secretary of the Ministry of Infrastructure and Regional Development.
“Government works intensely to develop necessary actions, new projects and capacities to produce energy, and integrate domestic electricity markets and gas market to the joint market of the EU. Renewables will play a fundamental role in Moldova by contributing to domestic energy production”, he added.
To promote renewable energy sources, the government of Moldova approved the new capacity quotas which envision that 400 megawatts (MW) of renewables will be allocated until 2025, of which 250 MW will be intermitted sources and 150 megawatts non-intermittent sources.
The potential investments in Moldova’s renewables according to the government estimates will reach between 400 and 800 million euros. In addition, the country is working on the legal framework for tender procedures of renewables.
The current electricity system of Moldova relies on imports heavily. In 2020, imports supplied 69 per cent of demand. At the same time, renewable electricity accounted for just over 12 per cent of domestic generation. Notably, over 27 gigawatts (GW) of potential renewable generation capacity via wind, solar, biomass and hydro remains untapped.