Moldova has announced its 1st renewable energy auction for 165 MW capacity
It will admit bids for 105 MW of onshore wind and 60 MW of solar PV technology
The ministry expects its maiden tender to attract around €190 million in investments over next 3 years
Moldova’s Ministry of Energy has officially launched the country’s 1st renewable energy tender for the construction of 165 MW of onshore wind and solar PV capacity. Winners will sign 15-year fixed price guarantee for energy generated.
For onshore wind, project capacity can range between 4 MW and 105 MW, while for solar PV it can be between 1 MW and 60 MW.
Onshore wind gets up to 105 MW and solar PV projects a maximum of 60 MW capacity, with tariffs capped at MDL 1.5 ($0.086)/kWh and MDL 1.67 ($0.095)/kWh, respectively. Winners will be selected basis the lowest price offered.
The ministry had initially unveiled the 165 MW tender calendar in January 2024 when it planned to launch the same in April 2024 (see Moldova Getting Ready To Launch RE Tender For 2024-25).
“Through this tender we aim to offer local and international companies the opportunity to invest in the Republic of Moldova,” said Energy Minister Victor Parlicov. “The beauty of this process is that it is a win-win-win situation - we provide business opportunities, we contribute to the decarbonization of the energy sector and increase the country's energy independence, and through competition we bring the most affordable prices for the end consumer.”
The tender is expected to bring in close to €190 million ($210 million) in investment over the next 3 years, according to the ministry.
Once this capacity is commercially operational, it will increase the share of renewable energy in Moldova’s electricity mix from 10% at the end of 2023 to 16.6%. Moldova targets to achieve 30% share of renewable energy in its overall consumption by 2030.
Launched on August 16, 2024, the tender will be open for bids till March 31, 2025, and the bids will be opened on April 1, 2025. Tender details are available on the ministry’s website.
Recently, the government approved a new regulation to facilitate large-scale solar energy projects larger than 20 MW capacity (see Moldova Eases Regulatory Processes For Large-Scale Solar Power Plants).