The project is the third privately financed wind farm in Mongolia. A group of international investors and financial institutions has agreed a $120 million project financing package to develop the wind farm, which will have a total installed capacity of 55 MW and will generate enough electricity to supply 130,000 Mongolian citizens. Construction will begin this year, to be overseen by Engie’s engineering arm, Tractebel. Commissioning of the plant is scheduled for the second half of the 2018.
Once operational, the wind farm will make a significant contribution to reducing Mongolia’s carbon emissions while also helping to meet increased demand for energy in the country. It will also help the government to achieve its goal of 20 percent renewable energy by 2020 and 30 percent by 2030.
“Engie’s ambition is to provide energy access-for-all through clean and renewable energy sources, especially to developing communities” said Paul Maguire, CEO of ENGIE Asia-Pacific. “Mongolia is facing an energy challenge due to increasing demand from industrialisation and urbanisation. As our first renewable energy project in Mongolia, Engie’s investment in the Sainshand wind farm is consistent with our vision of leading the global energy transition, and the drive for decarbonisation will significantly contribute to powering the country’s energy needs in a sustainable way.”
The wind farm is located 450 kilometres south east of Ulaanbaatar, near Sainshand City, capital of Dornogobi Province. It has been developed in consultation with local communities and a detailed environmental impact assessment has been approved by the relevant national authorities.
Engie is a leading global electricity generation company with 112.7 GW of installed capacity, of which 20 percent currently comes from renewables. The company is hoping to increase this to 25 percent by 2020.
Image: Huitengxile wind farm, Inner Mongolia
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