Taipei and Ulaanbaatar this week signed a renewables cooperation agreement under which Taiwan could supply PV and wind technologies to Mongolia.
The agreement does not include investment targets, but could provide a range of export opportunities for Taiwanese PV and wind manufacturers.
"We see Mongolia as a big market,” Taiwanese Bureau of Energy spokesperson Jyuung-Shiauu Chern tells Recharge. “We can sell our products there, and help Mongolia change its energy supply.”
Taiwanese PV and wind companies will soon start exploring opportunities in Mongolia, according to a statement on the website of Taiwan’s Ministry of Economic Affairs (MOEA).
The two sides will also collaborate on the development of coal-fired power technologies, and Taiwanese officials will advise their Mongolian counterparts on energy-related policymaking.
According to an online statement by the Mongolian Ministry of Energy, the sparsely populated Central Asian nation wants renewables to account for up to 25% of its energy mix by 2020.
Interest in Mongolia’s renewable-energy potential is rising among the country’s East Asian neighbours. Last June, Clean Energy Asia – a joint venture between Mongolian investment firm Newcom and SB Energy, the renewables arm of SoftBank – connected a 50MW wind farm to the grid in Mongolia.
Clean Energy president Tsakhia Elbegdorj has said that the installation, which is Mongolia's only such project, is the first of a series of wind farms and PV plants that the company plans to build.