The 50MW Salkhit wind farm, 70km southeast of the capital Ulaanbaatar, is expected to supply up to 5% of Mongolia’s electricity when it becomes operational later this year.
EBRD and the Netherlands Development Finance Company (FMO) have put up $85m of debt financing for the $122m project, says legal group Norton Rose, which advised the institutions.
The Salkhit wind farm is being developed by Mongolian project company Clean Energy.
