Mongolia's first wind farm nails finance with help of $85m loans - Wind - Renewable energy news - Recharge - wind, solar, biomass, wave/tidal/hydro and geothermal: "Mongolia’s first wind farm achieved financial close this week with the help of loans from the European Bank for Reconstruction and Development (EBRD), say lawyers working on the deal.
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The 50MW Salkhit wind farm, 70km southeast of the capital Ulaanbaatar, is expected to supply up to 5% of Mongolia’s electricity when it becomes operational later this year.
EBRD and the Netherlands Development Finance Company (FMO) have put up $85m of debt financing for the $122m project, says legal group Norton Rose, which advised the institutions."
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