Moldova’s Ministry of Energy says 60 MW of solar awarded in the country’s first renewables auction is now online, with developers receiving 15-year fixed-price guarantees at MDL 1.16 ($0.069)/kWh.
Moldova has introduced an electronic guarantees of origin system to certify renewable energy production, with certificates recognized across the European Union through integration with the EU-wide register.
Moldova’s government says developers have returned 30 grid connection permits for renewable energy projects since it introduced a financial guarantee scheme aimed at freeing up network capacity for viable investments.
Moldova has upheld the disqualification of four bids in its first renewables auction, citing inexperience, non-compliant bank guarantees, and missing prior approvals. The tender committee says it plans to assess the remaining bids by the end of the month.
Moldova is expected to launch a new tender for the construction of large renewable energy parks colocated with battery energy storage systems in October.
Moldova has received 42 bids for its latest auction to develop large-scale PV and wind projects, far surpassing the available capacity. The auction seeks to allocate 165 MW, with 105 MW for wind and 60 MW for solar.
Renewable energy developers in Moldova must now provide financial guarantees when applying for grid connection permits. The guarantees are refundable if projects become operational within agreed time frames.
The procurement aims to improve the reliability of Moldova’s grid, facilitate energy trade with neighboring Romania and Ukraine, and support the integration of locally produced renewable energy.
Moldova expanded its solar capacity to 344 MW by September 2024, up from 185 MW in 2023, according to the National Center for Sustainable Energy (CNED).
Moldova aims to procure 60 MW of solar in its first renewables auction. Successful investors will secure fixed price guarantees for power generated over periods of 15 years. The deadline for applications is March 31, 2025.
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