US providing $85 mln to Moldova for energy storage
The US is supporting Moldova with an $85 million (78.6 million euro) investment in a large-scale battery energy storage system (BESS) as part of a broader financing package
Moldova has committed to implement reforms embedded within the European Union's Third Energy Package, a suite of legislation adopted in 2009 aimed at creating integrated and competitive energy markets for natural gas and electricity.
National regulatory framework (both primary and secondary) improved in line with Moldovan energy commitments, ensuring that national authorities are better prepared and can respond to emergency situations in the energy sector and to the needs of the most vulnerable energy users;
Despite acceptable energy security levels in Moldova in 2019, the country faces exposure to gas supply shock risks due to its reliance on Russia for all of its gas via Ukraine. Two major supply disruptions occurred in 2006 and 2009 due to disputes between the two countries.
This have put significant pressures on the public finances and the most vulnerable citizens' ability to afford gas over the winter (60% of Moldova's population live in energy poverty, spending more than 10% of their budgets on energy bills).
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