Hello There, Moldova! Is There Some Room Left For Guaranteed Feed-In Tariffs For Renewables?

On 25 March 2016 the Moldovan Parliament passed a new law on the promotion of the use of electric energy from renewables ("Law 10/2016"). Law 10/2016 is meant to enter into force on 25 March 2017, and its scope is officially to institute the necessary legal framework for application of EU Directive 2009/28/CE in Moldova. All of these formulations are very nice, of course, but does this new piece of legislation bring something new to the table? Will investors benefit from clear long-expected guarantees for their off-take supply agreements? Will the renewables market finally get a boost in Moldova, as was the case years ago in Romania and Bulgaria?

Support schemes introduced

Pursuant to Law 10/2016, the following two support schemes will be implemented to promote renewables: