Discover ENGIE activities in Mongolia
Mongolia has one of the world’s fastest growing economies, where ENGIE Group is ambitioning to be a benchmark energy partner. The country holds important energy resources including hydro, wind, solar and coal as well as mineral resources (copper, gold, etc), which have attracted foreign direct investment. To fuel this economic growth, the Government of Mongolia set a target of increasing renewable energy up to 20 percent by 2020 and 30 percent by 2030. In the second Quarter of 2018, out of total energy consumption, 12 percent of renewable energy supplies to the central grid in Mongolia and this number is expected to reach 21% by Q4-2018 when the Sainshand wind farm co-developed by ENGIE will enter into operations.
Over the past years, ENGIE has built important partnerships with Mongolian actors from both the public and private sectors, and is developing and studying various projects that will contribute to the efficiency, sustainability and quality of life in the country and its cities, through reliable and clean energy solutions:
ENGIE develops its first renewable energy project in Gobi desert, Mongolia
ENGIE, together with its partners German project developer Ferrostaal, Danish Climate Investment Fund (DCIF) and Mongolian entrepreneur, Radnaabazar Davaanyam builds and will operate the Sainshand wind farm in Mongolia, its first renewable project in the country located in the Gobi desert. This project, which is the third privately financed wind farm in Mongolia, will support the government’s objective to evolve towards a greener economy and a better environment. A USD 120 million project financing package has been signed in August 2017 by a group of international investors and financial institutions to develop the project. The project expects to commission by end of 2018.
Paul Maguire, CEO of ENGIE Asia-Pacific, said: “ENGIE’s ambition is to provide energy access for all through clean and renewable energy sources, especially to developing communities. Mongolia is facing an energy challenge due to increasing demand from industrialization and urbanization. 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 decarbonization will significantly contribute to powering the country’s energy needs.”
Supporting a booming country with renewables
ENGIE is pursuing the development of various projects that can support communities and businesses connected to the centralized energy system, as well as remote industries that have no access to the energy system. Specifically, in Mongolia ENGIE is performing studies related with grid connected Photovoltaic solar, energy storage, and off-grid hybrid plants combining photovoltaic, wind, battery storage plant and diesel generators.