Asian Development Bank to Support Mongolia's Renewable Energy Transition

The Asian Development Bank (ADB) has been engaged by the Mongolian government to provide transaction advisory services for the Stable Solar Energy in Mongolia Project, aiming to develop a significant amount of solar photovoltaic capacity and battery energy storage systems to enhance grid reliability and reduce dependence on fossil fuels. This project, which is expected to be one of Mongolia's largest renewable energy procurements, will deliver clean, affordable energy to remote regions. ADB Country Director for Mongolia Shannon Cowlin emphasized the bank's commitment to supporting Mongolia's clean energy transition through innovative renewable energy and storage solutions.

Key Takeaways:

The Stable Solar Energy in Mongolia Project aims to develop approximately 115 megawatts of solar photovoltaic capacity and 65 megawatts/237 megawatt-hours of battery energy storage systems (BESS) across Mongolia's Western and Eastern Energy Systems.
The project is expected to 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 project will be tendered through a transparent, competitive process to attract private sector investment and support Mongolia's renewable energy and climate goals.
ADB Country Director Shannon Cowlin stated that the project will help strengthen energy security, enable greater integration of renewables, and lay the foundation for larger investments in solar and BESS in the years ahead.
The project aligns with Mongolia's State Policy on Energy (2015-2030), New Recovery Policy, and the government's long-term strategies for carbon reduction and energy security.
The project is a collaboration between ADB and the Ministry of Energy of Mongolia.

Statistics:

115 megawatts of solar photovoltaic capacity will be developed as part of the project.
65 megawatts/237 megawatt-hours of battery energy storage systems will be developed as part of the project.
2 isolated grid systems are expected to benefit from improved stability through the use of battery storage.
The project aims to reduce dependence on fossil fuels and imported electricity in Mongolia.
The project is expected to deliver clean, affordable energy to remote regions of Mongolia.

Sources:

Xinhua via COMTEX
COMTEX_469928762/2084/2025-10-31T07:36:24