Mongolia has huge potential to export renewable electricity across northeast Asia
Mongolia has huge potential to export renewable electricity across northeast Asia.
Mongolia has huge potential to export renewable electricity across northeast Asia. Mongolia’s mostly untapped renewable resources could be used to kick-start a major cross border power corridor between Russia, Mongolia, China, South Korea and Japan, according to a new study by International Renewable Energy Agency. Excellent solar and wind resources in the Gobi Desert has a vast renewable energy potential of 2.6TW, claimed the report. Mongolia’s installed power-generation capacity is currently made up of just 7% from renewables, mainly from hydropower. However, the government has set a target of 20% renewable by 2023 and 30% by 2030. Having had to rely on Russian energy imports to cover short-term contingency needs and on China to power its southern towns, Mongolia aims to use its huge renewable resources to become a net exporter of energy in the future.
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