ADB to Support Mongolia in Expanding Solar Power and Grid Stability through Landmark Solar and Battery Storage Project
Mongolia, Oct. 30 -- The Asian Development Bank (ADB) has been engaged by the Government of Mongolia to provide transaction advisory services for the Stable Solar Energy in Mongolia Project, which aims 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 will be one of Mongolia's largest renewable energy procurements and the country's first solar and BESS auction. The project is designed to enhance grid reliability, reduce dependence on fossil fuels and imported electricity, and deliver clean, affordable energy to remote regions. The project will improve the stability of two isolated grid s...
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