US to invest €78.6 million in battery energy storage system in Moldova

Green Forum
The US will invest €78.6 million in a large-scale battery energy storage system in Moldova to enhance the country's energy resilience.

Secretary of State Antony Blinken announced up to €78.6 million for the installation of equipment that will help stabilize Moldova's electric power system, as part of a previously announced €277 million government investment in energy assistance support. Secretary Blinken also announced €46 million in new funding to help promote Moldova's economic growth, strengthen its democracy, and advance Moldova's EU accession.

USAID has been a critical partner in helping Moldova strengthen its energy security by diversifying sources and increasing its capacity to import gas and electricity from European market suppliers. This assistance is part of continued U.S. partnership with Moldova in support of the Moldovan government's reform agenda. Continued U.S. assistance will support Moldova in pursuing its sustained and comprehensive reform efforts as Moldova advances its European ambitions.

The United States remains committed to strengthening Moldova's energy security and supporting Moldova's European integration process. 

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Green Forum  |  20 June, 2024 at 8:04 AM