Located in Ubirkhangai Province, Central Mongolia, the 30MWGround-mount solar project is Phase I of a total of 105MW. Phase I is expectedto produce an annual generation of 43,684,000 kWh and will connect to theCentral Grid Network, the largest grid in Mongolia.

Why Mongolia?

1)     Strong Economy

-      Mongolia has an abundant supply of commodities including copper,coal and gold with a positive outlook on their prices

-      Young demographics trigger increasing electricity consumption

-      Improving legal environment

2)     Increasing EnergyDemand

-      The mining sector has attracted major foreign investment from China,Russia, Canada leading to an increase in energy consumption

3)     Domestic Energyshortage

-      Large-scale power generation projects have not been implemented withimported electricity reaching 21% of total domestic consumption

4)     Growth of renewableenergy

-      Total renewable energy only produces 8% of power with Coal/CHPproducing 90%

-      The renewable energy target is 30% by 2030

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