Two solar PV plants have been installed in gold mines in the Democratic Republic of Congo (DRC) and Mongolia to supply clean energy to their operations.
After signing off on a financing partnership with the Green Climate Fund (GCF), XacBank has become the first private bank in Mongolia to fund the completion of a large-scale PV project.
Singapore's EDB consults on 100MW floating solar, ADB funds Mongolia 41MW distributed solar-wind-storage project, Solarcentury to install solar panels at Moi International Airport in Kenya.
The Asian Development Bank (ADB) has approved a US$40 million loan to support a 41MW hybrid distributed renewable energy system combining wind, solar, battery storage and a thermal heat pump in Mongolia.
Sharp Energy Solutions Corporation, a wholly-owned subsidiary of Japanese firm Sharp, has completed a 16.5MW solar PV plant in Mongolia in collaboration with Japanese trading company Shigemitsu Shoji and Mongolian energy company Solar Tech.
The European Bank for Reconstruction and Development (EBRD) together with Triodos Investment Management and FMO are providing a US$31.6 million syndicated loan to Desert Solar Power One (DSPO) to build the largest solar plant in Mongolia, standing at 30MW.
The World Bank announced last week that its Board of Executive Directors approved the Second Energy Sector Project, which will help strengthen Mongolia’s electric grid and develop a 10MW installation within the country.