Mongolia has secured funding from the Asian Development Bank and other sources to build a 41-megawatt distributed renewable energy system that will provide clean electricity to about 260,000 people living in remote areas in the western part of the country, according to CNBC. The system will be the first large-scale, combined wind and solar energy project in Mongolia, a country that currently gets 80 percent of its electricity from coal-fired power plants.
Mongolia has secured funding from the Asian Development Bank and other sources to build a 41-megawatt distributed renewable energy system that will provide clean electricity to about 260,000 people living in remote areas in the western part of the country, according to CNBC. The system will be the first large-scale, combined wind and solar energy project in Mongolia, a country that currently gets 80 percent of its electricity from coal-fired power plants.
The $66.2 billion project is being funded through a combination of loans and grant agreements from the Asian Development Bank, the Strategic Climate Fund, the Japan Fund for the Joint Crediting Mechanism, and the government of Mongolia.
Read more at Yale Environment 360
Image: Mongolia aims to get 20-25 percent of its electricity from renewable sources by 2020, such as from the 50-megawatt Salkhit Wind Farm, pictured here, completed in 2013. CREDIT: SGURRENERGY
