ADB to Support Mongolia's Clean Energy Transition through Solar and Battery Energy Storage Project

Strategic Insights -

The Asian Development Bank (ADB) has been engaged by the Government of Mongolia to develop about 115 megawatts (MW) of solar photovoltaic capacity and 65 MW / 237 megawatt-hours (MWh) of battery energy storage systems (BESS) across the country's Western and Eastern Energy Systems. This project aims to enhance grid reliability, reduce dependence on fossil fuels, and deliver clean, affordable energy to remote regions. "ADB is proud to support Mongolia in advancing its clean energy transition through innovative renewable energy and storage solutions," said ADB Country Director for Mongolia Shannon Cowlin. The project will be tendered through a transparent, competitive process to attract private sector investment and support Mongolia's renewable energy and climate goals.

Key Takeaways:

  • The Stable Solar Energy in Mongolia Project aims to develop 115 MW of solar photovoltaic capacity and 65 MW / 237 MWh of battery energy storage systems (BESS) across the country's Western and Eastern Energy Systems.
  • The project is designed to enhance grid reliability, reduce dependence on fossil fuels, and deliver clean, affordable energy to remote regions.
  • The project will improve the stability of two isolated grid systems by using battery storage for peak shifting, frequency regulation, and grid balancing, enabling more solar power to be integrated into the network.
  • The initiative is a collaboration between ADB and the Ministry of Energy of Mongolia, supporting the country's State Policy on Energy (2015-2030), New Recovery Policy, and long-term strategies for carbon reduction and energy security.
  • The project will be tendered through a transparent, competitive process to attract private sector investment and support Mongolia's renewable energy and climate goals.
  • ADB is a leading multilateral development bank supporting inclusive, resilient, and sustainable growth across Asia and the Pacific.
  • The project is aligned with global efforts to reduce carbon emissions and transition to renewable energy sources.

Statistics:

  • 115 MW of solar photovoltaic capacity will be developed as part of the project.
  • 65 MW / 237 MWh of battery energy storage systems (BESS) will be installed.
  • The project aims to enhance grid reliability and reduce dependence on fossil fuels.
  • The initiative is a collaboration between ADB and the Ministry of Energy of Mongolia.
  • 69 members, including 50 from the region, own ADB.
  • ADB was founded in 1966.

Sources:

  • The Asian Development Bank (ADB). (n.d.). ADB to Support Mongolia's Clean Energy Transition through Solar and Battery Energy Storage Project.
  • ADB. (n.d.). ADB at a Glance.