Mongolia

Up to 150 GW of PV and wind projects could be postponed or canceled throughout the Asia-Pacific region by 2024 if the coronavirus-triggered recession continues beyond the current year, according to new research by Wood Mackenzie.

The 5 MW Uliastai solar-plus-storage project will be located in the city of the same name in the western part of the country, around 1,100km from Ulaanbaatar. The facility is part of a plan to deploy 40 MW of solar and wind generation linked to energy storage in the nation’s western and Altai-Uliastai regions.

The project, planned for Khovd in the west of the country, is being developed with the support of the World Bank.

The 16.4 MW solar facility is located 14 km southwest of the New Ulaanbaatar International Airport. The project was developed by Sharp Corporation in partnership with Sermsang Power (SSP) and Tenuun Gerel Construction (TGC).

The Asian Development Bank (ADB) and Leading Asia’s Private Infrastructure Fund (LEAP) have agreed to provide an $18.7 million loan to support the development of a 15 MW solar project in Mongolia.

A 10 MW solar facility in the Sumber Soum area of Mongolia’s southern Govisümber province has been connected to the grid. The project was financed by the Green Climate Fund and XacBank and takes Mongolia’s installed PV capacity to 35 MW. The pipeline of approved solar schemes has surpassed 700 MW.

The 15 MW solar PV plant was built by a Japanese consortium led by Sharp, in the Economic Development Zone of Zamyn-Üüd, in the province of Dornogovi.

The European Bank for Reconstruction and Development (EBRD) and investment partners will provide a $30.7 million syndicated loan to finance a 30 MW power plant, which EBRD says will be the first large-scale solar installation built in Mongolia.

The two projects will be funded by the World Bank and the Scaling-Up Renewable Energy Program under the Strategic Climate Fund