Moldova

Boosting energy security and reliability in Moldova with a USD 85 million investment in battery storage capacity, part of a larger USD 300 million support package by USAID.

Bucharest-listed wine maker Purcari Wineries Group [BSE: WINE] claimed on Wednesday it has set up a 240 MWh photovoltaic or pv system on the rooftop of its Chateau Purcari manufacturing site in Moldova.

When brand-new renewables FITs are released in the nation's main journal within the following couple of days, the 15-year settlements will certainly come right into pressure. The federal government intends to designate 15 MW of solar centers varying in dimension from 10 kW to 1 MW via the system, with bigger projects needing to complete in public auctions.

The energy regulator has set a 15-year payment of $0.10/kWh for PV projects with a generation capacity of 10 kW-1 MW. The first auctions for large renewables projects are planned for early next year and will grant a fixed rate rather than a variable premium.