The pace of Mongolian wind investment announcements is quickening. The country’s leaders are working to meet increasing demand for electricity, reduce heavy reliance on coal and improve energy security. It’s no surprise, therefore, that renewable energy solutions have become the focus of such new investments.
The Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, is receiving a US$120 million project financing package from a group of international investors and financiers.
Located 460km south-east of Ulaanbaatar, in the desert, the project is sponsored by ENGIE, a French private energy company; Ferrostaal, a German project developer; the Danish Climate Investment Fund (DCIF); and Mongolian entrepreneur Radnaabazar Davaanyam. Long-term financing comes from two