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INVESTMENT PROMOTION OPPORTUNITIES IN THE FIELD OF RENEWABLE ENERGY IN THE REPUBLIC OF MOLDOVA
Abstract
Renewable energy has a vital role in reducing greenhouse gas emissions and other forms of pollution, as well as in increasing a countrys security of energy supply. A 20% share of renewables could mean avoiding 600-900 MtCO2 (million tonnes of CO2) per year. Renewable energy can be used in the electricity generation, heating and cooling, and transport sectors. The purpose of this study is to analyze the trends in the field of renewable energies in the Republic of Moldova. Introduction Agriculture remains a strategic sector for the economy of the Republic of Moldova, being the main source of income for the rural population (about 70% of the population lives in rural areas). The agricultural sector contributes about 7–8% to GDP in recent years and employs a significant proportion of the workforce, especially in rural areas. Entrepreneurship plays a key role in the modernisation of agriculture: from small family farms to agri-food processing, agritourism, organic farming and integration into European value chains (through DCFTA). It boosts job creation, income diversification, rural poverty reduction and climate resilience. The Republic of Moldova, a country with limited energy resources, is heavily dependent on gas and electricity imports, mostly from Russian sources, which exposes the economy to geopolitical risks and price fluctuations. The energy crisis of 2022-2024 accelerated the transition to renewable sources, with an 8-fold increase in installed capacity in the last 4 years, reaching over 750 MW in 2025. The national targets, aligned with the EU Association Agreement and the National Integrated Energy and Climate Plan (NECP) 2025-2030, target 27% renewable energy in gross final consumption by 2030. Promoting investment in renewables involves incentive policies such as 15-year fixed tariffs, subsidies and competitive tenders. The technical potential is enormous: 20.9 GW of wind, 4.6 GW of solar, plus biomass and hydro.
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