MPC Renewable Energies, a subsidiary of international investment manager MPC Capital AG, along with the project developer Ferrostaal, the Danish Climate Investment Fund (DCIF) and other project partners, has achieved financial closing for the Sainshand 55 MW onshore windpark in Mongolia, for US$120 million.
Energy Finance & Investment News in Mongolia
The 55-MW Sainshand wind farm in Mongolia, the third privately financed wind farm in the country, will receive a US$ 120 million project financing package from a group of international investors and financiers.
The European Bank for Reconstruction and Development (EBRD) is considering providing a senior loan of up to US$30 million for the construction of the 55 MW Sainshand wind park in Mongolia’s Gobi desert.
ENGIE and Ferrostaal have signed a joint development agreement to build and operate the Sainshand wind farm project, located in the Gobi Desert (Mongolia).
Clean Energy Asia LLC together with its shareholders, Newcom LLC and SB Energy Corp., has signed with the Japan International Cooperation Agency (JICA) and the European Bank for Reconstruction and Development (EBRD) financing agreements to construct a 50MW wind farm in southern Mongolia.
The EBRD is considering providing a senior loan of up to US$25 million to Clean Energy Asia LLC to support the development, construction and operation of the Tsetsii Wind Farm in Mongolia.
The Mongolian Government has signed a Power Purchase Agreement (PPA) for the power generated by the 450 MW electricity, 587 MW heat CHP 5 project owned by an Engie-led consortium.
A local government in Inner Mongolia has made a deal with two entities of China's Sinohydro Corp. chosen to develop 300 MW of renewable power capacity in the region.
GDF SUEZ has announced that the consortium comprising GDF SUEZ (30%), Sojitz Corp (30%), POSCO ENERGY (30%) and Newcom LLC (10%) has signed a Concession Agreement for the combined heat and power CHP 5 plant in Ulaanbaatar, the capital of Mongolia.