Recent laws on renewable energy offer new opportunities for Moldovan entrepreneurs

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    A new law on renewable energy has entered into force in Moldova on April 1. Solar and wind energy are expected to see their first development in the country after several years of nearly zero-growth. The newly enforced rules, which transpose EU Directive 2009/28/EC on promotion of the use of renewable energies, will initiate a few alterations in the country’s electricity system, and will probably enable the deployment of various solar and wind power projects both in the residential and large-scale segments.

    According to a study released by local consultancy Expert Group, the new legal provisions will create an enabling framework for inexhaustible energy projects.

    Under the new rules, large-scale renewable energy projects will be backed through a protective mechanism, which is expected to set up a fixed tariff and to assign around 400 MW of capacity, while small-sized projects will have access to an FIT strategy managed by a local energy regulator and the Energy Efficiency Agency.

    Grid operators will be obligated to give priority to electricity coming from renewable sources, on condition that the introduction of renewable energy power does not negatively impact the safety of the electricity system. The scheme will also include net-metering for renewable energy power stations with capacity up to 100 kW.

    This new law could offer market entry to new energy providers and has the potential to increase entrepreneurship in the field of renewable energy. Entrepreneurs and start-ups can engage in newer and more innovative ventures regarding energy production. Enterprises working with non-conventional energy resources will benefit not only the economy but also the environment, which is vital, especially in countries with emerging economies such as Moldova, where oftentimes the lack of a proper legislative framework makes energy providers become major polluters.
    Starting and managing a renewable energy business can offer a profitable chance to take part in this growing sector, while rendering a better solution to limit the dependence on non-renewable reserves of fossil fuels.