Renewable Energy Development to be Brought Forward in Mongolia

Mongolia will receive a new 41 megawatt distributed renewable energy system, which will be able to store photovoltaic and wind powers, with the help of advanced battery storage technology and energy management systems. This is made possible by an agreement signed by the Asian Development Bank (ADB) and the Government of Mongolia.

Due to the upcoming projects around 260,000 people in remote towns in western Mongolia will be able to abandon the currently prevalent carbon-intensive electricity and opt for clean and reliable energy. With the $85.6 million grants ADB will continue its efforts to eradicate extreme poverty in order to achieve a prosperous, inclusive, resilient, and sustainable Asia and the Pacific.

“These projects will support the government’s efforts to raise the share of renewable energy, decrease carbon dioxide emissions, and improve public financial resource mobilization and management,” said Ms. Yolanda Fernandez Lommen, ADB‘s Country Director for Mongolia. “They are also closely aligned with ADB’s Country Partnership Strategy for Mongolia to foster inclusive growth, improve people’s access to services, and strengthen environmental sustainability.”

Source: Asian Development Bank

Image Source: Asian Development Bank | adb.org

 

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