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    1. Home
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    3. >Mongolia, EBRD partner to advance renewable energy
    Finance

    Mongolia, Ebrd Partner to Advance Renewable Energy

    Published by Global Banking & Finance Review®

    Posted on January 21, 2025

    1 min read

    Last updated: January 27, 2026

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    The image showcases Mongolia's partnership with EBRD to develop renewable energy, featuring solar and wind projects aimed at sustainability and green transition.
    Mongolia and EBRD collaboration on renewable energy projects - Global Banking & Finance Review
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    Quick Summary

    Mongolia partners with EBRD to develop solar and wind energy projects, aiming for 500 MW capacity by 2028.

    Mongolia Partners with EBRD to Enhance Renewable Energy

    (Reuters) - Mongolia is partnering with the European Bank for Reconstruction and Development (EBRD) to advance renewable energy development in the country.

    Under the collaboration agreement signed during the World Economic Forum in Davos on Tuesday, the EBRD will help implement solar, wind, and energy storage projects through auctions.

    Key initiatives under the deal include construction and commencement of up to 300 megawatt (MW) of solar power plants and 200 MW of wind power plants with energy storage, including transmission infrastructure, by 2028.

    The EBRD will also assist Mongolia in developing renewable energy strategies and low-carbon pathways.

    "This partnership with the EBRD underscores our commitment to transforming Mongolia's energy sector into one that is sustainable, competitive, and aligned with global climate goals," Deputy Prime Minister Dorjkhand Togmid said in a statement.

    In 2024, the EBRD invested over 260 million euros ($270 million) in 28 projects in the Mongolia, with the majority being in green transition financing.

    ($1 = 0.9622 euros)

    (Reporting by Tanay Dhumal and Mrinalika Roy in Bengaluru)

    Key Takeaways

    • •Mongolia collaborates with EBRD for renewable energy.
    • •Focus on solar and wind power projects by 2028.
    • •300 MW solar and 200 MW wind projects planned.
    • •EBRD to aid in developing low-carbon strategies.
    • •Significant investment in Mongolia's green transition.

    Frequently Asked Questions about Mongolia, EBRD partner to advance renewable energy

    1What is the main topic?

    The main topic is Mongolia's partnership with the EBRD to advance renewable energy projects, including solar and wind power.

    2Another relevant question?

    What are the goals of the partnership? The goal is to construct up to 300 MW of solar and 200 MW of wind power plants by 2028.

    3Third question about the topic?

    How much has the EBRD invested in Mongolia? In 2024, the EBRD invested over 260 million euros in Mongolia's green transition.

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