News about Energy

The production of energy from renewable sources is growing in Moldova. However, there are problems of market imbalance.

Taking into account existing and planned projects, the total capacity of nuclear power generation could reach almost 186,000 megawatts. This would put the country well ahead of the United States, which is still ranked number one in the world. This potential shift reflects China’s broader desire for reliable energy amid growing demand for electricity.

The European Commission at the end of the week officially supported the initiative of a number of EU countries to introduce a tax on excess profits for large energy companies. The decision was caused by a sharp jump in energy prices due to geopolitical instability and the conflict in Iran.

The reduction of electricity consumption by only 3% at the national level helped the Moldovan authorities to avoid a major energy crisis.

Iran has not yet restored full-fledged shipping to the Strait of Hormuz because it is unable to detect and disarm all the mines planted in the waters.

The rise in fuel prices is starting to directly affect the tourism industry and transportation in Moldova. This was stated by the Patronage Association of the Tourism Industry (APIT), which appealed to the authorities to reconsider the regulation of the fuel market.

In March this year, more than 620 thousand households received compensation for heat, which is about 1.2 million people – more than half of the population of the Republic of Moldova.

Almost a month and a half after the escalation of the conflict in Iran, which significantly affected the world energy markets, the Moldovan Parliament held perhaps the first substantive discussion on the impact of the global oil crisis and the situation on the domestic fuel market. The Commission for Economy, Budget and Finance heard representatives of the relevant ministries and agencies on stabilizing the fuel market and supporting other sectors of the economy.

The zero customs duty on equipment for generating electricity from solar energy can be extended to wind installations as well as electricity storage devices.

The discovery of a gas field off Egypt’s Mediterranean coast coincided with a critical moment in the war in Iran.

Anthropic, an American artificial intelligence (AI) technology company founded by former OpenAI employees and creator of a family of large language models collectively named Claude, has announced a partnership with Google and Broadcom for “several gigawatts” of next-generation TPU computing power planned to launch starting in 2027.

Pakistan, which is co-mediating the talks between Washington and Tehran, has handed the US and Iran its version of a plan to end the war.

Donald Trump has issued a new ultimatum to Iran, giving it time to open the Strait of Hormuz by Tuesday or Tehran will face a “Power Plant Day” and “Bridge Day.”

The Passivhaus Pilot Mechanism will test a model of financial support for the construction of 10 new Passivhaus (PHI) homes with the prospect of further national expansion.

Hungarian Prime Minister Viktor Orban has called an emergency meeting of the defense council after a conversation with Serbian President Aleksandar Vucic, Logos Press reports, citing RBC.

Finance ministers of five EU countries – Germany, Italy, Spain, Portugal and Austria – called for the introduction of a tax on excess profits of energy companies amid a sharp rise in fuel prices due to the war in Iran. This is reported by Reuters with reference to their letter to the European Commissioner for Climate Vopka Hukstra.

Since the beginning of the conflict in Iran, gasoline and diesel prices in Germany have risen by about 20%. Experts consider the introduction of speed limits to be one solution.

The renewable energy capacity and storage tender received 16 bids for a total installed capacity of 423.85 MW of wind power generation and 305.29 MWh of storage capacity.

With the outbreak of war in Iran, the gas market has entered a phase of uncertainty and sharp price increases, which makes building gas reserves for winter problematic for many countries, including Moldova.

SINGAPORE – Recent energy crises, particularly the war with Iran, have shown how vulnerable many countries are to conflict, disruption and coercion. Not surprisingly, governments around the world are rushing to rethink their diversification and energy transition strategies.