The Ministry of Energy, Mining and Mineral Resources has begun introducing the “contract-for-difference” (CfD) mechanism with the European Bank for Reconstruction and Development’s (EBRD) cooperation to support renewable energy investments. The CfD model, proven in the EU, will speed up renewable energy capacity investments while protecting consumers from market instability.

Minister Sanja Bozhinovska stated at the kick-off meeting that CfD is a systemic change providing investor stability and consumer protection. The reform sets predictable, sustainable investment conditions for solar and wind capacities, accelerating the goal of 1.7 GW of renewable energy by 2030. Bozhinovska added that the CfD mechanism creates security, lower costs, and a competitive market, crucial for the transition to clean energy.

With EBRD support and international expertise, Macedonia will adapt the mechanism to its energy market, opening new investor opportunities, leading to renewable source development and stable long-term consumer prices.

The preparation will continue in the coming months with detailed regulation and financial analysis to create a model yielding real, sustainable results for the Macedonian energy sector.