An important milestone in Moldova’s dedication to sustainability and renewable energy has been reached with the country’s official membership in the International Solar Alliance (ISA). During a signing ceremony in New Delhi on December 16, 2024, Randhir Jaiswal, the spokesperson for India’s Ministry of External Affairs, made the announcement. Deputy Prime Minister Mihai Popsoi of Moldova and External Affairs Minister S. Jaishankar of India inked the deal.
By 2030, the ISA wants to raise more than $1 trillion for solar energy projects. Moldova’s membership is intended to assist attract investments in renewable energy production and innovative solar technologies.
By 2030, Moldova aims to raise the proportion of electricity produced from renewable sources from 10% to 30%. This is consistent with its overarching plan to improve sustainability and energy independence.
The signing of the ISA agreement comes after India and Moldova signed a declaration of intent on migration and mobility, emphasizing their expanding collaboration in a number of areas, such as investment, education, technology, and culture.
India and France founded the ISA in 2015 to encourage the use of solar energy throughout the world. Currently, it has several member nations dedicated to increasing the production of solar energy and tackling technological and financial obstacles in this field. The addition of Moldova strengthens the international commitment to sustainable energy efforts by bringing the overall number of member nations closer to 100.
This action is a component of Moldova’s larger plan to switch to more environmentally friendly energy sources, particularly in light of changes in the country’s energy landscape brought on by geopolitical events like the crisis in Ukraine. With strong backing from foreign organizations like USAID and the European Bank for Reconstruction and Development (EBRD), the nation is aggressively looking for outside funding and collaborations to strengthen its renewable energy infrastructure.
