Mongolia faces great challenges in meeting its growing demand for electricity, almost all of which is currently met by ageing and polluting coal-fired plants.
The Tsetsii wind farm, the second EBRD-backed wind farm in Mongolia, will help supply the country's power demand with clean, eco-efficient electricity by harnessing the country's vast and inexhaustible wind resources. The project will help contribute to sustainable economic development and the mitigation of climate change. Clean Energy Asia will aim to launch operations in December 2017.
In 2009, the EBRD extended a $700,000 equity investment in the first wind farm project in the country on the Salkhit Mountain, 70 km outside the capital Ulaanbaatar.