Moldova Energy Security Activity (MESA)
USAID

2022 - 2025

Funded by the US Agency for International Development (USAID), the Moldova Energy Security Activity (MESA) project was designed to strengthen Moldova’s energy security by: (1) advancing physical and market integration of the Moldovan energy sector with Europe; (2) increasing renewable energy integration; and (3) increasing investment in energy efficiency and domestic power generation, particularly through increased adoption of renewable energy technologies. Crimson supported MESA through sourcing and structuring increased investment in energy efficiency and renewable energy.

• Crimson’s work and achievements on MESA include: Development of an in-depth gap analysis of the opportunities and obstacles for financing EE and RE renovations in multi-apartment buildings (MABs) in Moldova, including review and analysis of the existing building stock and energy use patterns; the legal and regulatory framework governing management of MABs; interviews with HOAs, financial institutions, donors and relevant government bodies.

• Developing the business case for MAB EE retrofits, considering minimum, light, medium and deep EE renovation options; and a variety of financing structures. Building a custom excel financial model that generates cash-flow, simple pay-back period IRR, NPV and facilitates determination of the financing needs and optimal financing structure, based on a variety of assumptions and inputs.

• Presenting findings at a high-level Stakeholders Workshop, which included representatives from local financial institutions, IFIs, donors, CNED, the Ministry of Energy, Chisinau Municipality, Balti Municipality, Termoelectrica and CET Nord (a press release can be found here).

• Developing financial models and accompanying guidelines for solar PV for residential and business applications.