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Home>Clean Energy Asia, SB Energy of the SoftBank Group and Newcom Announce Commercial Operation Launch of Tsetsii Wind Farm in the Gobi Desert, Mongolia

Clean Energy Asia, SB Energy of the SoftBank Group and Newcom Announce Commercial Operation Launch of Tsetsii Wind Farm in the Gobi Desert, Mongolia

Clean Energy Asia, SB Energy of the SoftBank Group and Newcom Announce Commercial Operation Launch of Tsetsii Wind Farm in the Gobi Desert, Mongolia

10/06/2017

Clean Energy Asia, SB Energy of the SoftBank Group and Newcom Announce Commercial Operation Launch of Tsetsii Wind Farm in the Gobi Desert, Mongolia

Project to contribute to Mongolia’s sustainable economic development

Clean Energy Asia LLC (“Clean Energy Asia”), together with its shareholders Newcom LLC (“Newcom”) and SB Energy Corp. of the SoftBank Group (“SB Energy”), announced that its 50MW Tsetsii Wind Farm located in the Gobi desert started commercial operations today on October 6, 2017.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171006005233/en/

Ribbon-cutting at Tsetsii Wind Farm Operation Launch Ceremony (Photo: Business Wire)

Ribbon-cutting at Tsetsii Wind Farm Operation Launch Ceremony (Photo: Business Wire)

Mongolia faces significant challenges in meeting its growing demand for electricity, almost all of which is currently met by ageing and polluting coal-fired plants. The wind farm will help supply Mongolia's power demand with clean, energy-efficient electricity by harnessing Mongolia's vast and inexhaustible wind resources. The project will also help contribute to sustainable economic development and the mitigation of climate change. Clean Energy Asia commenced operations three months ahead of the previously scheduled launch date of December 2017.

Mongolia has a power-supply capacity of 1130MW, consisting of 88% coal, 6% diesel, 6% renewable energy, and 2% hydropower sources (according to the Department of Energy, Mongolia, 2015). While being the world’s eighth country most susceptible to climate change (according to Germanwatch’s “Global Climate Risk Index 2014”), electricity supply-demand balanced with its economic growth is an urgent issue for Mongolia. Accordingly, Mongolia is a country that particularly requires safe and secure power sources such as renewable energy. The State Great Khural approved a national power policy in 2015 that sets Mongolia’s mid-to-long term target and plan for 2015-2030 in the energy sector. The policy aims to increase the power generation share of renewable energy to 20% by 2020 and to 30% by 2030, and it stipulates the promotion of investment in the energy industry in cooperation with international financial institutions and donor countries, utilizing the abundant wind and solar resources in the Gobi region. Mongolia is the first country to sign a memorandum with Japan on the Joint Crediting Mechanism (JCM) to reduce greenhouse gas emissions and this project was eligible for JCM application through Japan’s Ministry of Trade, Economy and Industry (METI) at the feasibility study stage.

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