The Asian Development Bank (ADB) has been engaged by the Government of Mongolia to provide transaction advisory services for the Stable Solar Energy in Mongolia Project, which aims to develop approximately 115 megawatts (MW) of solar photovoltaic capacity and 65 MW / 237 megawatt-hours (MWh) of battery energy storage systems (BESS). The project will be implemented across Mongolia’s Western and Eastern Energy Systems and marks one of the country’s largest renewable energy procurements as well as its first solar and BESS auction. Its goal is to enhance grid reliability, cut dependence on fossil fuels and imported electricity, and expand access to clean, affordable energy in remote regions.
ADB Country Director for Mongolia, Shannon Cowlin, highlighted that the initiative represents a major step forward in Mongolia’s clean energy transition. She emphasized that the project will strengthen the country’s energy security, improve the integration of renewable energy sources, and pave the way for greater investments in solar and battery storage technologies in the future.
The project will utilize advanced battery storage to stabilize Mongolia’s two isolated grid systems through peak shifting, frequency regulation, and grid balancing. This approach will allow for greater solar power integration while ensuring consistent electricity supply. The initiative will be procured through a transparent, competitive process aimed at attracting private sector participation and accelerating Mongolia’s progress toward its renewable energy and climate targets.
A collaboration between ADB and the Ministry of Energy of Mongolia, the project supports the country’s State Policy on Energy (2015–2030), the New Recovery Policy, and long-term national strategies for carbon reduction and energy security.
As a leading multilateral development bank, ADB continues to drive inclusive, resilient, and sustainable growth across Asia and the Pacific. Since its founding in 1966, ADB has worked with 69 member countries to address complex development challenges through innovative financial tools, strategic partnerships, and investments in infrastructure that promote equitable growth and environmental sustainability.
