EBRD pledges more funds for Mongolian wind projects

Region:

Asia-Pacific, Europe

Dan Sheriff

CEO

The European Bank for Reconstruction and Development (EBRD) is pledging to invest a further $50 million in new wind power projects in Mongolia. The announcement comes as the first commercial wind farm in Mongolia is connected to the electricity grid and is now generating electricity. The a 50MW Salkhit wind farm outside of the capital Ulaanbaatar was funded by debt and equity finance from the EBRD to the tune of $47 million.

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