Government of Mongolia

Mongolia BESS - ADB Financing

Borrower (s)
Government of Mongolia
Industry
Power/Battery storage
Area of finance
Project & Infrastructure Finance
Country
Mongolia

Deal Overview

The Asian Development Bank is lending $100 million to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).The project will install 125MW of advanced BESS, making it among the largest battery storage systems globally. The BESS...

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The Asian Development Bank is lending $100 million to help supply renewable energy to Mongolia by installing its first large-scale advanced battery energy storage system (BESS).

The project will install 125MW of advanced BESS, making it among the largest battery storage systems globally. The BESS will be resilient to Mongolia’s extremely cold climate and equipped with a battery energy management system enabling it to be charged entirely by renewable electricity.

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Deal Volume
$ 100m
Financial Close
22 April 2020

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Tranches


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Projects

Mongolia BESS

Greenfield
Battery storage
Mongolia
$ 114.95m