The Mongolian government is committed to exploiting the country’s rich renewable energy resources to meet its rapidly growing energy demand.
The Renewable Energy Law which was adopted in 2007 introduced a feed-in-tariff for wind power, currently set at USD $ 8-9.5 cents/kWh. Additionally, the government’s National Renewable Energy Program for the period 2005-2020 sets a target of 20-25% of renewable energy in the total electricity mix by 2020. The total electricity production is expected to rise to 1700 МW, which means adding at least 400 MW of renewable energy by 2020. In the past two years, the government has signed seven PPAs for wind projects. Mongolia’s first wind project, the 50 MW Salkhit wind farm, came online in the summer of 2013. As the industry starts to take off, the establishment of technical standards, a functioning market and system operator along with clarification of the legal framework have become necessary.
The key issues holding back investment in the sector include priority dispatch, which is obliged by the renewable energy law, and grid curtailment. The lack of balancing power and flexible dispatch management make grid curtailment a critical challenge for the sector. The government is currently seeking solutions for these problems. While it has improved the curtailment situation, work needs to be done on how this is dealt with legally and contractually. While the Ministry of Energy works on implementing the law and tests new technical solutions for the grid, it is an ideal time to transfer knowledge by demonstrating best practices and technical solutions from mature wind markets which have dealt with similar problems. This would help boost investment in the sector and meet the objectives set out in the renewable energy law.
Objectives of the workshop:
- Create a platform for stakeholders, including MOE and ERA, and developers to review status of current RE law
- Invite European grid companies and regulatory authorities to share experiences
- Invite stakeholders from established markets with experience of financing wind farms
- Invite potential investors from Europe who are interested in investing in Mongolia
More information:
Conference Sponsorship Package
For registrations and more information about sponsorship opportunities please contact Liming Qiao at [email protected].
