Moldova’s Ministry of Energy presented an amendment to the country’s Renewable Energy Law aiming to prepare the country for moving to market-based support schemes, during an event in Chisinau under the auspices of the EU4Energy project on 6 April.
The event was dedicated to the promotion of the use of energy from renewables in Moldova. The Energy Community Secretariat’s (ECS) Deputy Director, Dirk Buschle and Moldova’s State Secretary at the Ministry of Energy, Constantin Borosan hosted the event, with representatives of relevant Moldovan officials, electricity system operators, representatives of local and international business communities, international financing institutions, NGOs and other stakeholders in attendance.
“The event showcases the determination of Moldovan authorities to promote the production and use of renewable energy in all the sectors of our economy. Renewable energy is one of the key pillars of the Republic of Moldova’s decarbonisation and energy security policy,” State Secretary Borosan said.
Amendments to the Renewable Energy Law will increase the volume of renewable electricity produced locally in conditions of improved competitiveness and fairly set prices, the ECS said in its press release. Moldova plans to launch the first round of auctions after the adoption of the amendment law later this year.
“Moldova is to be commended for using the momentum of the energy crisis, by making the energy sector more resilient. The draft Law, prepared with the Secretariat’s assistance, will boost this development and provide investors with legal certainty,” Mr Buschle said.
The EU4Energy project aims to foster clean energy transition and decarbonisation in Georgia, Moldova and Ukraine. The project’s current phase (Programme Phase II) spans between 2021 and 2024, managed and implemented from a budget of nearly 1.9 million euros by the ECS via a dedicated unit.