Developers of renewable energy in Moldova must now offer financial guarantees when applying for schedule connection permits. The guarantees are repaid if projects are operational within agreed time frames.
The Moldavian government has approved legislative changes to its electricity law to unblock the renewable energy market.
The amendment, approved by the cabinet of the country’s ministers last week, will need to be developers of renewable energy factory of more than 200 kW large to submit financial guarantees with the request to make permits to connect to the electricity grid . If projects are operational within agreed time frames, the guarantees are returned to the developers.
If the factories do not become operational within the agreed time frames, the developers will be confronted with reimbursements of 50% to 70% of the financial guarantees.
The national energy -regulating authorities will determine the values of the guarantees. The system operators will use the costs of the costs to modernize electricity networks nationwide, the government said on its website.
Moldavian Prime Minister Dorin Recean said that the projects will unblock the connecting permits for renewable energy sources.
“For this year we can release a large capacity that has been blocked, including for speculative purposes by certain actors on the energy market,” said Recean.
He added that a transitional period for subsidies has been established until 30 June 2025, which means that those who distance permits with speculative intentions of the fine exemption are exemption.
Developers who have permits for solar plants up to 1 MW or wind plants up to 4 MW will also be exempt from submitting the financial guarantees.
The latest legislative changes follow a new approval process for power plants above 20 MW, introduced in 2024 to make the construction and commissioning process of the construction and the commissioner more efficient and transparent.
Earlier this month, Moldava also approved new regulations for calculating renewable energy consumption, known as Red II.
The legislation requires a mechanism to calculate the energy consumption from renewable sources and to determine the share in gross final energy consumption, effective until the end of 2050. The National Center for Sustainable Energy (CND) will perform the calculation.
The Ministry of Energy of Moldova launched the first auction of the country in August 2024, with the aim of obtaining 60 MW of Zonne -Zon and 105 MW of the wind. The deadline of the application is at the end of March 2025.
Figures that were released by CNNE earlier this year showed that Moldova has deployed 344 MW Zonne -Zonne -Zonne energy in the first nine months of 2024 MW, that is almost double the total that was added in 2023.
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