February 18 (Renewables Now) - Mongolia has launched an invitation call for project developers willing to take part in the pre-qualification round of a solar-plus-storage tender.
The invitation for bids was published last Friday by the Asian Development Bank (ADB), which is providing financial support for the initiative as part of its Upscaling Renewable Energy Sector Project. The competition concerns the engineering, procurement and construction (EPC) of the 5-MW Uliastai solar photovoltaic (PV) park and an accompanying battery storage facility. According to the ADB, the required investment for the project is estimated at around USD 7.95 million (EUR 7.9m).
Interested parties will be able to submit bids by March 27.
Under its green development policy, approved in 2014, Mongolia aims to make renewables account for 20% of its installed power capacity by 2020 and 30% by 2030. Data by the International Renewable Energy Agency (IRENA) shows that at end-2018, the country had around 63 MW of installed solar PV capacity.
(USD 1.0 = EUR 0.617)