Renewable Energy Program #1 - Solar
Financing a 10MW solar photovoltaic (PV) power plant to support Mongolia’s renewable energy transition.
Mongolia is committed to supply 30% of the country’s energy through renewable energy by 2030, as part of its NDC targets. However renewable energy investments in the country are limited by barriers to finance including high interest rates, and prohibitively short tenors, which make renewable projects more expensive than coal-fired power plants. The project will enable the development, construction, commissioning and operation of a 10MW solar power plant, which will be the second large-scale solar PV in the country.
The project has an estimated lifespan of 10 years.
- Private sector
- Public sector
GCF Project Team
General media inquiriesGCF Communications
Phone +82 32 458 7751
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Project complaints and grievancesGCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
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Integrity issuesGCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155