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White wind turbines stand above green and brown rolling hills under the shadows of white and gray clouds against a blue sky in Mongolia
SEI brief

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Solar and wind power in Mongolia: 2024 policy overview

part of Renewable energy

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SEI brief

Solar and wind power in Mongolia: 2024 policy overview

This brief summarizes the 2024 solar and wind power policy landscape in Mongolia, which possesses significant wind and solar energy resources, but requires more development and investment to help the country meet its renewable energy potential.

Baigalmaa Chinbat, Miquel Muñoz Cabré / Published on 29 October 2024

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Citation

Chinbat, B., & Muñoz Cabré, M. (2024). Solar and wind power in Mongolia: 2024 policy overview. Stockholm Environment Institute. https://doi.org/10.51414/sei2024.046

Mongolia has significant wind and solar energy potential, yet as of 2023, renewable electricity production was about 9% of the total energy mix, well below estimated global average of 30% in 2023, highlighting the need for increased development and investment in this sector. Meanwhile, the country imported about 22% of its electricity from Russia and China in 2023.

Mongolia aims for 30% renewable energy capacity by 2030, reflecting the country’s commitment to transitioning to a low-carbon, green economy.

This brief gives an overview of Mongolia’s renewable energy policy landscape, highlighting related legislation and the financing for renewable energy projects. It also delves into renewable energy regulation, as well as some of the social dynamics in the sector, such as the wide gender gap in its workforce.

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SEI brief / PDF / 301 KB

SEI authors

Miquel Muñoz Cabré

Senior Scientist

SEI US