FP046

Mongolia's first utility-scale solar project achieved landmark success as a 10MW facility in Sumber soum, financed with USD 17.6 million including GCF concessional funding through local commercial banking. Despite COVID-19 pandemic challenges that reduced national electricity demand and caused delayed disbursements, the project exceeded all performance targets by generating 34,124 MWh of clean electricity—10.8% above projections—while achieving 29,722 tCO2eq in emissions reductions, 21.1% higher
than expected. The facility now powers 20,000 Mongolian households annually.

Key lessons emphasize concessional financing's critical importance for renewable energy development, as high costs remain major barriers for local developers. The project demonstrated strong social impact with 47% female employment (vs. 18% sector average) and 55.5% local hiring from Choir area, proving renewable energy's capacity for rural economic development and community engagement in Mongolia.

Project completion summary for FP046: Renewable Energy Program #1 - Solar

12 Aug 2025

This Project Completion Summary (PCS), contains details from the Project Completion Report (PCR) submitted by Accredited Entities at the end of a project’s implementation timeframe. The PCS presents a concise overview of a completed project's performance and delivered outcomes. The summary includes four key components: