The Republic of Moldova is targeting 2026 for the technical connection to the AIB hub and the first cross-border transaction with guarantees of origin (GO) for electricity produced from renewable sources. Following an interview with Dionisie Ceban, Head – Renewable Energy Section, ANRE Moldova, the portal renergy.md states that in Q3 2025 the portal and user testing will be finalized and in Q4 2025 the first electronic guarantees will be issued. Thus, the Republic of Moldova is preparing not only to capitalize on its local renewable potential, but also to become an active player on the European clean energy market.
In July 2025, ANRE’s Board of Directors adopted the Regulation establishing guarantees of origin (GO) for electricity produced from renewable sources in the Republic of Moldova. The measure transposes Article 19 of Directive (EU) 2018/2001 and makes green certificates, for the first time, tradable financial instruments independent of the physical flow of energy. In practice, this means that each “green” MWh will carry a digital passport and the market will set prices in an online register, paving the way for a true “made in Moldova” green energy exchange.
Each guarantee certificate attests, through an electronic signature, the source (hydro, solar, wind, etc.), the month and place of production, the power of the installation and the related support scheme. The Moldovan registry uses the EECS standard, ensuring interoperability with the European hub of the Association of Issuing Bodies (AIB). So a GO issued in Moldova will be able to circulate freely to EU partners, just as a guarantee issued in Italy or the Netherlands today reaches Nordic countries or Spain.
In the European market, green certificates reached a record volume of over 1,670 TWh issued and 1,350 TWh canceled in 2024, reflecting rapidly increasing liquidity. Prices have fluctuated sharply in recent years: while in 2023 “next-year” quotes reached €7-10 per MWh, by the end of 2024 they had collapsed to less than €1/MWh. As a result of intensified ESG policies and new CSRD reporting requirements introduced by the EU, demand remains solid: the European average in 2024 was around €2/MWh, up from an average of €0.2-0.8 in 2021, and the outlook is for growth after 2025.
For the renergy.md portal, the ANRE official said that the Republic of Moldova studied four operational models in Europe before choosing the option already used in the Balkans. “The Moldovan platform is built on the Energy Community software, identical to the one used in the Balkans. Connecting to the AIB will make a GO transfer as simple as between Italy and the Netherlands,” says Dionisie Ceban. The official also clarifies the procedures for operators and gives a case study illustrating the financial impact: a 1 MW solar park in southern Moldova, with an average annual production of 1 250 MWh, would generate GO revenues of €625 at a price of €0.5/MWh, €1 250 at €1/MWh and €2 500 at €2/MWh, which could make the projects much more attractive to banks.
By integrating nationally issued guarantees of origin into the European market, green energy becomes a liquid financial asset, capable of bringing revenue stability and an additional boost to the bankability of projects. The Republic of Moldova currently has an installed capacity of 765 MW in renewable energy sources, a significant increase – 186.49 MW – since the end of 2024. “Over 44% of the capacity is installed through state support mechanisms: net metering, fixed tariff and others. The remaining 431 MW is active on the open market, demonstrating that green power generation is becoming an attractive activity for investors,” according to the National Center for Sustainable Energy.
In the case of Romania, the latest information anticipated that the trading market for guarantees of origin would open in January 2027. Despite the insistence of investors and developers active on the market in Romania, the authorities have chosen a temporized path in search of a mechanism that would first secure the guarantees of origin for Romanian consumers. In addition, according to officials in Bucharest, the procedure for implementing the EU-recognized Guarantees of Origin includes a one-year period during which ANRE is an observer member of the AIB. Only after that, Romania becomes a full member of the AIB and the market can officially open. As of April 2025, both Romania and the Republic of Moldova appeared as observatory members on the AIB website.
