Construction begins for 16 GW Solar plus storage project in Mongolia
Three Gorges New Energy has started the construction on a 16 GW solar-plus-storage project in Inner Mongolia's Kubuqi Desert. In addition to 8 GW of solar and 300 MW/600 MWh of storage, the system will feature 4 GW of wind and 4 GW of upgraded coal capacity once completion.
Three Gorges is constructing the park in stages in collaboration with Mengneng Group. The first phase entails the installation of 1 GW of solar panels and storage capacity. The project will be able to transmit 40-billion kW hr of electricity to Beijing, Tianjin and Hebei province annually.
The project is one of the 22 energy plants recently developed by Three Gorges, with a total planned capacity of 19.6 GW.
Country news
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May 10, 2018
EBRD to finance largest solar project in Mongolia
United Green Group (UGG) and Tucher Group GmbH have secured a US$31.6 million syndicated loan from the European Bank for Reconstruction and Development (EBRD), Triodos Investment Management and FMO for the construction of the largest solar plant in Mongolia.
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September 06, 2017
MPC Capital secures financial closure for windpark in Mongolia
MPC Renewable Energies, a subsidiary of international investment manager MPC Capital AG, along with the project developer Ferrostaal, the Danish Climate Investment Fund (DCIF) and other project partners, has achieved financial closing for the Sainshand 55 MW onshore windpark in Mongolia, for US$120 million.
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August 29, 2017
Engie secures US$120 M financing for 55 MW Sainshand wind farm in Mongolia
The 55-MW Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, will receive a US$ 120 million project financing package from a group of international investors and financiers.
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April 04, 2017
EBRD to finance 55 MW Sainshand wind park
The European Bank for Reconstruction and Development (EBRD) is considering providing a senior loan of up to US$30 million for the construction of the 55 MW Sainshand wind park in Mongolia’s Gobi desert.
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November 15, 2016
ENGIE and Ferrostaal to develop Mongolian wind farm project
ENGIE and Ferrostaal have signed a joint development agreement to build and operate the Sainshand wind farm project, located in the Gobi Desert (Mongolia). Read more
