Moldova Fast Tracking Renewables As Russia Curtails Fossil Fuel Supplies

National Economy

The Republic of Moldova declared its independence from the Soviet Union on August 27, 1991. Moldova became a member of the United Nations in 1992.

The population of Moldova is approximately 4.01 million people[1]. In 2020, 100% of the people in this country in Southeast Europe had access to electricity[2].

In 2021, Moldova’s economy was ranked 142nd in the world in gross domestic product (GDP)[3]. The country’s economy is dependent on the export[4] of insulated wire, sun flower seeds, wine, wooden chairs, iron bars, seed oils, and corn.

Environment Policies

In 2013, Moldova enacted its National Energy Strategy 2030, which included using 10% renewable energy in electricity generation and 10% biofuels in transport by 2030.

In 2016, Moldova signed the “Paris Climate Agreement”[5] committing to a 64% reduction in greenhouse gas emission by 2030 compared to 1990 levels.

Power Generation Capabilities

In 2021, power companies[6] used coal (50.9 %), natural gas (43.2 %), and renewable energy (5.9 %) to generate electricity in Moldova. Hydropower is the dominant type of renewable energy used to generate electricity in Moldova.

Recent renewable energy projects in Moldova include:

  • 230 MW Renewable Energy Tender – In April 2022, Moldova’s National Agency for Energy Regulation launched a tender to develop 230MW of large-scale renewable energy projects.
  • 180 MW Wind Project – Moldovan company, Energo Continent is continuing work on a wind project at a site approximately 125 miles south-southeast of Chisinău.
  • 3 MW Biomass Project – In March 2021, Moldavian energy company, Termoelectrica commissioned a biomass thermal power plant in the nation’s capital, Chisinău.
  • 8 MW Solar Project – In December 2021, Termoelectrica commissioned a solar project at a site approximately 10 miles northeast of Chisinău.
  • 1 MW Solar Project – In May 2018, Italian companies Fly Ren Energy and Consulcesi Tech commissioned a solar project at a site approximately 4 miles southeast of Chisinău.

Conclusions

Moldova imports all its fossil fuels (coal, oil, and natural gas) for power generation, heating, and transportation. In 2020, Moldova spent[7] U.S. $328 Million just for imported refined petroleum.

In 2021, Moldova used fossil fuels to generate 94.1% of the nation’s electricity. In 2021, Moldova imported virtually all its fossil fuels (coal, oil, and natural gas) from Russia[8].

On 24 February 2022, Russia invaded Ukraine, resulting in the United States, Canada, and the European Union placing embargos on Russian exports. The international price for crude oil and natural gas has increased by over 50% from May 2021 to May 2022.

On 2 September 2022, Russian energy company, Gazprom[9] announced a shutdown of the Nord Stream 1 pipeline, which exports natural gas to Moldova. On 31 October 2022, Gazprom[10] cut supplies of natural gas to Moldova by 40%.

Moldova has significant undeveloped renewable energy resources, including hydropower, solar, wind, and biomass. Moldova is now fast tracking development of renewable energy projects as Russia curtails delivery of fossil fuel supplies.

 Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

  

Jack Kerfoot is a scientist, energy expert, and author of the book FUELING AMERICA, An Insider’s Journey and articles for The Hill, one of the largest independent political news sites in the United States. He has been interviewed on over 100 radio and television stations from New York City to Los Angeles on a wide range of energy topics.

 

[1] Moldova Population (2022) – World Population Review, November 26, 2022

[2] The World Bank Group, Access to Electricity (% of Population) – Moldova

[3] Gross Domestic Product By Country 2021 – Worldometer

[4] The Observatory of Economic Complexity (OEC) – Moldova

[5] Carbon Brief – “2015: Tracking Country Climate Pledges”

[6] Our World In Data, Moldova: Energy Country Profile by Hanna Ritchie and Max Roser

[7] The Observatory of Economic Complexity (OEC) – Moldova Imports

[8] U.S. International Trade Administration, Moldova – Country Commercial Guide, September 8, 2022

[9] “Nord Stream 1: Gazprom Announces Indefinite Shutdown Of Pipeline”, The Guardian on 2 September 2022

[10] Reuters, “Moldova Electricity Supplies Hit By Cut In Russian Gas” by Alexander Tanas, 31 October 2022

 

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