|21 March 2016|

Mongolia has the resources to be a powerhouse of renewable energy, according to a new report.

The Renewables Readiness Assessment: Mongolia, prepared jointly by the International Renewable Energy Agency (IRENA) and the Ministry of Energy of Mongolia, finds that electricity output from the country’s solar and wind resources alone could reach 15,000 terawatt-hours (TWh) per year, the equivalent of more than 18 million tonnes of avoided coal.

An IRENA press released today insists that tapping into Mongolia’s vast renewable energy resources could boost energy security, reduce pollution, meet global climate commitments and grow the economy through regional electricity export, according to a report released today.

The National Renewable Energy Center (NREC) estimates that Mongolia’s total renewable energy potential is 2.6 terawatts (TW), a potentially huge resource base for electricity production and export. In the decades ahead, these could draw on the vast solar and wind potential of Mongolia’s Gobi Desert.

“Mongolia has firmly underlined its commitment to green growth, particularly in support of the international effort to mitigate climate change,” said IRENA Director-General Adnan Z. Amin. “With abundant solar, wind and hydropower resources, the country possesses the domestic assets needed to develop sustainably, benefitting its economy, its people and the environment.”

Today, 7% of installed power-generation capacity in Mongolia comes from renewables, mostly hydropower. But a policy currently in front of Parliament could boost the share of renewables in the energy mix to 30% by 2030.

“This new legislation enables Mongolia to provide energy security and reliability, improve energy efficiency, pursue public-private partnerships and create a market-oriented framework for the sector,” said the Minister of Energy, H.E. Zorigt Dashzevag.