The participants analyzed the state aid mechanisms that Moldova is developing to stimulate investment in batteries, which are a key component for integrating greater volumes of energy from renewable sources into the national power grid.
During the discussions, participants reviewed Romania’s experience and leading European practices in supporting investments in energy storage infrastructure, as well as ways to implement these instruments in accordance with competition and state aid rules.
The mechanisms currently being developed provide for the provision, through the Organization for Enterprise Development (ODA), of financial instruments aimed at facilitating investors’ access to financing. These include guarantees for partial reimbursement of bank interest, as well as financial guarantees for loans issued for the installation of energy storage systems.
“The Republic of Moldova has exceeded the 1 GW threshold for installed renewable energy capacity, and developing energy storage solutions is the next natural step toward increasing the flexibility and security of the electricity system. “We want to create effective tools that will mobilize private investment and accelerate the adoption of energy storage technologies,” said State Secretary Carolina Novak.
For his part, State Secretary Vitaliy Mytsa emphasized the importance of cooperation between agencies responsible for energy, competition, and business development to design effective support schemes that meet European standards.
