MONGOLIA’S RENEWABLE ENERGY POLICY AND THE REGIONAL PRACTICES

MONGOLIA’S RENEWABLE ENERGY POLICY AND THE REGIONAL PRACTICES

Kyrgyzstan has commissioned its first solar power plant. Built with USD 56 million in foreign investment, the 100 MW facility is expected to generate 210 million kWh of clean electricity annually and reduce CO₂ emissions by 120,000 tons each year.

In Central Asia, Kazakhstan and Uzbekistan have primarily developed solar and wind energy, while Kyrgyzstan and Tajikistan have relied mainly on hydropower. In recent years, the region has seen a growing trend of attracting foreign investment into renewable energy projects.

In Mongolia, Parliament has adopted resolutions aimed at strengthening national energy security and supporting policies to expand renewable energy sources.

In this context, Ulaanbaatar Investment and Management JSC is working to develop financing models for solar energy projects in the capital city and across local regions, including solutions to mobilize funding from multiple sources and design public–private partnership (PPP) mechanisms.

This transition to renewable energy will play a critical role in strengthening Mongolia’s energy security and delivering tangible progress toward a green transition.

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