Mongolia joins wind club
Mongolia’s first commercial wind farm, the 50MW Salkhit, is now delivering electricity to the nation’s grid.
The scheme outside the capital Ulaanbaatar is generating around 5% of the nation’s power needs, according to the European Bank for Reconstruction and Development.
EBRD provided $47.5m of debt and equity funding to the project, an amount matched by Dutch development bank Netherlands Development Finance Company (FMO).
The project was developed by the Clean Energy consortium, which is made up of Newcom (51%), GE (21%), the EBRD (14%) and Dutch development bank FMO (14%).
EBRD director for power and energy Nandita Parshad said: “Salkhit wind farm has awakened interest in wind power in Mongolia from other investors, both local and international. We are now assessing several follow-on wind farm projects and expect to invest about $50m in renewable energy generators in Mongolia in the coming years.”
The scheme outside the capital Ulaanbaatar is generating around 5% of the nation’s power needs, according to the European Bank for Reconstruction and Development.
EBRD provided $47.5m of debt and equity funding to the project, an amount matched by Dutch development bank Netherlands Development Finance Company (FMO).
The project was developed by the Clean Energy consortium, which is made up of Newcom (51%), GE (21%), the EBRD (14%) and Dutch development bank FMO (14%).
EBRD director for power and energy Nandita Parshad said: “Salkhit wind farm has awakened interest in wind power in Mongolia from other investors, both local and international. We are now assessing several follow-on wind farm projects and expect to invest about $50m in renewable energy generators in Mongolia in the coming years.”
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