Softbank Group to build clean-energy projects
Softbank Group Corp plans to build more wind projects in Mongolia to connect countries across Asia with transmission lines to supply cheap and clean energy.
Softbank Group to build clean-energy projects in Mongolia. Softbank Group Corp plans to build more wind projects in Mongolia to connect countries across Asia with transmission lines to supply cheap and clean energy. The Tokyo-based company’s first wind farm in Mongolia is a 50-megawatt project being developed in the Gobi Desert. The project is an outgrowth of a venture between Newcom national company and Softbank’s clean-energy unit called Clean Energy Asia LLC that was set up in 2012. Softbank is now looking into two more wind projects in Mongolia, with plans to possibly add 200 megawatts of solar and wind at the site of its first project. The expansion, capitalizing on Mongolia’s abundant supply of flat land and attractive wind resources, would be part of a plan to eventually build 7 gigawatts or more of wind in the country.The 50-megawatt wind project is expected to cost about US$120 million, with 70 percent financed through loans from the Japan International Cooperation Agency and the European Bank for Reconstruction and Development.Adding wind capacity for domestic use will help Mongolia reduce its carbon-dioxide emissions.
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