Renewable Energy

Main reasons to choose Moldova

Big Energy Intensity
The country offers an interesting potential for the development of renewable energy and energy efficiency: its energy intensity is around 3 times higher than in the EU and the use of renewable energy is still limited.
Legal Support
An adequate institutional framework was established with the adoption of the Energy Strategy until 2020 (2007), the National Program on Ensuring Environmental Security for 2007-2015, the Law on Renewable Energy (2007), the Law on Energy Efficiency (2010), the National Energy Efficiency Programme 2011-2020 and the Energy Efficiency Agency. A gradual approximation of the national legislation with the relevant EU acquis is underway.
Promising niches
Biomass: Potential to develop straw-fired heating systems for 100,000 private houses, biogas from agricultural wastes Wind power: 1,000 MW estimated potential; Hydro power: small hydro power plant projects on the Dneister, Prut and Danube Rivers; Solar energy: solar thermal projects such as solar thermal collectors for hot water or steam generation;
European Funds Support
In September 2009 the first Moldovan Sustainable Energy Financing Facility (MoSEFF) was launched in order to support energy efficiency investments in Moldovan enterprises. MoSEFF provides also technical assistance to the projects through Fichtner - a leading German engineering and consulting company.

Strategic direction/specific schemes and incentives

The development of renewable energy and increased energy efficiency in residential, industrial sectors, transport and agriculture are among the priorities of the Moldova 2020 development strategy (2012). An adequate institutional framework was established with the adoption of the Energy Strategy until 2020 (2007), the National Program on Ensuring Environmental Security for 2007-2015, the Law on Renewable Energy (2007), the Law on Energy Efficiency (2010), the National Energy Efficiency Programme 2011-2020 and the Energy Efficiency Agency. A gradual approximation of the national legislation with the relevant EU acquis is underway.

Renewable energy law: increasing the use of energy produced from renewable sources up to 20% of the total gross domestic consumption and 10% of annual electricity production by 2020, feed-in tariffs established for a 15-year period;
Energy efficiency: planned gradual increase of energy efficiency by up to 20% by 2020, planned creation of an Energy Efficiency Fund;
Sustainable energy action plan launched by EBRD in 2011 in order to improve the environment for sustainable energy investments in various sectors of the Moldovan economy.

Republic of Moldova
Population
3.5 million people
Economic growth in 2013
8.9%
Imported Energy
95 %
Average Cost of Electricity
9 ¢/kWh

Distance Proximity

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