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.
Moldova’s Energy Minister, Victor Parlicov, says the new regulation will facilitate the authorization of renewable energy capacities, in particular those on the free market and without a support scheme, while also providing predictability for investors.
The Moldovan government is preparing to launch the country’s first renewables auctions, which will seek to procure 105 MW of wind and 60 MW of solar projects. The tenders will take place between April and July.
The Moldovan authorities plan to select projects in a new 230MW renewables auction on a “first come, first served” basis. Installations will be assigned a 15-year fixed tariff. State-owned energy distributor Energocom will be the sole buyer of the clean electricity from the planned projects.
The first months of the year pointed to a boom in Moldova’s solar sector, but the war has already started to negatively affect investment decisions.
The loan will be supplied by the EBRD and includes €1.25 million of concessional lending provided by the global Green Climate Fund.
The 15-year payments will come into force when new renewables FITs are published in the country’s official journal within the next few days. The government wants to allocate 15 MW of solar facilities ranging in size from 10 kW to 1 MW through the scheme, with larger projects having to compete in auctions.
The energy regulator has proposed a 15-year payment of $0.10/kWh for PV projects with a generation capacity of 10 kW-1 MW. The first auctions for large renewables projects are planned for early next year and will grant a fixed rate rather than a variable premium.
The eastern European nation is being assisted by the European Bank for Reconstruction and Development with the creation of tender documentation for renewable energy auctions.
Vague on detail, the first proposal to build a ground-mounted solar plant in the eastern European country has come from China’s CCCII.
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