30%
Renewable Target by 2030
1,100+
Wind Potential (GW)
1,800+
Solar Irradiation (kWh/m²/yr)
$5B+
Planned Investment (USD)
Sector Overview
Mongolia's Renewable Energy Landscape
Mongolia possesses some of the most abundant renewable energy resources in Asia. The country's vast steppe offers among the highest wind speeds globally, while the semi-arid climate and high-altitude plateau provide exceptional solar irradiation levels year-round.
Under the national "Green Economy" policy and the Renewable Energy Law (2015, amended 2023), Mongolia has committed to increasing the share of renewables to 30% of total electricity generation by 2030, rising to 50% by 2050. The government offers tax incentives, feed-in tariffs, and land allocation support for qualifying projects.
Cross-border electricity export to China under the "Asia Super Grid" initiative presents a transformative opportunity, with capacity to generate significant hard-currency revenues for decades. MTB Consults facilitates feasibility studies, EPC tender support, and regulatory navigation for renewable energy developers.
Key Policies & Frameworks
Renewable Energy Law (2023 Amendment)
Guarantees grid access, sets feed-in tariffs, and mandates Power Purchase Agreements (PPAs) with the national grid operator for qualifying RE projects.
Green Economy Policy 2030
National framework targeting 30% renewable share by 2030, with fiscal incentives including import duty exemptions on RE equipment and 10-year CIT holidays.
Asia Super Grid Initiative
Bilateral energy export framework with China and Russia enabling Mongolian wind/solar producers to sell surplus power cross-border under long-term agreements.
Carbon Neutrality Law (2023)
Mongolia's commitment to carbon neutrality by 2050, creating a domestic carbon credit market and additional incentives for zero-emission energy projects.
Western Region Energy Development Plan
Specific development corridor for wind and solar in Uvs, Khovd, and Bayan-Ölgii provinces with pre-approved land allocation and grid connection pathways.
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