The company will deliver the turbines in the first half of 2018. The wind facility is expected to help Mangolia to achieve its aim to reduce the greenhouse gas emissions.
Financial close to construct and operate the 55MW Sainshand wind park has been reached by French energy company ENGIE, project developer Ferrostaal, Danish Climate Investment Fund (DCIF) and Radnaabazar Davaanyam.
The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) will provide long-term financing for the wind project.
A 15-year active output management 4000 (AOM4000) service contract, VestasOnline Business SCADA and supply and supervision of turbine installation are included in the contract.
ENGIE Mongolia CEO Benoit Ribesse said: “Mongolia is facing an energy challenge due to increasing demand from industrialisation and urbanisation. As our first renewable-energy project in Mongolia, ENGIE’s investment in the Sainshand wind farm is consistent with our vision of leading the global energy transition, and the drive for decarbonisation will significantly contribute to powering the country’s energy needs.”
Vestas Asia Pacific president Clive Turton said: “Mongolia has begun the journey away from an energy mix dominated by thermal power and with its strong wind resources, the market is growing fast and becoming very competitive.
“As Mongolia’s largest wind park, Sainshand is therefore a testament to the strength of our wind energy solutions and our capabilities during the development phase, which for this project included ensuring lender support from the Danish Export Credit Agency, EKF.”
