Government approves Energy Strategy to 2050 with about EUR 43 billion in investment

The document sets the sector’s course for the next 25 years. The share of imported energy is to fall from over 77% to 40%, at least 85% of electricity generated in Moldova should come from renewables, and electricity’s share of final energy consumption should rise from 12% to 65%. Energy intensity is to drop almost fivefold. The focus is on EU interconnections, domestic generation and storage, and full integration into the European energy market. According to Mold-Street, this is the fifth energy strategy in 30 years.

What it means for you

• Renewable energy, construction and grid contractors could see a long-term pipeline of projects and tenders if the strategy is implemented.
• Energy-intensive businesses should start costing their own solar, storage and efficiency upgrades now.
• Electrification means growing demand for heat pumps, EV chargers and electrical equipment.