Ferrostaal in 52MW Mongolia wind

Asia’s real potential lies in Mongolia, says Steve Sawyer

Mongolia appears determined to turn wind into a major energy resource

Germany’s Ferrostaal Industrial Projects will spend roughly $120m to buy a majority stake in a 52MW wind farm, Mongolia’s largest such installation to date, in the eastern Gobi Desert.

The project — to be built south of Ulaanbaatar near Sainshand, Dornogovi province — could be connected to the grid by late 2015.

It is expected to provide 190GWh of electricity per year upon completion, the Essen-based company said in an online statement, without revealing the size of the stake.    

Ferrostaal and developer Sainshand Wind Park LLC have already secured licenses and a power purchase agreement for the project.

Mongolia appears determined to rapidly develop renewable energy resources. The government of the remote Log in to read complete article.

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