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Europe banks on Mongolian wind

EIB to provide €39.7m to help fund the 54MW Sainshand project

Europe banks on Mongolian wind image

Ferrostaal and Engie have secured €39.7m to support construction of the 54MW Sainshand onshore wind farm in Mongolia.

The European Investment Bank confirmed the funding this week that will help to meet total project costs estimated at €95m.

The development partners are planning to deploy Vestas hardware at the project in the central Asian country’s Dornogobi province.

A wind measurement campaign ongoing since 2006 found average speeds of 7.7 metres per second.

Environmental permits originally awarded in 2009 have been updated.

Image: Pixabay

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