Clean Energy Asia LLC signs financing agreements of Tsetsii wind farm

28 Sep Clean Energy Asia LLC signs financing agreements of Tsetsii wind farm

On September 28, 2016, Clean Energy Asia LLC together with its shareholders, Newcom LLC and SB Energy Corp., signed with the Japan International Cooperation Agency (hereafter “JICA”) and the European Bank for Reconstruction and Development (hereafter “EBRD”) financing agreements to construct a 50MW wind farm in southern Mongolia.

This wind farm project is the first dollar-denominated project finance debt transaction by JICA through its Private Sector Investment Finance scheme in the renewable energy field, and the second renewable energy project in Mongolia for Newcom and EBRD following the 50 MW Salkhit Wind Farm, the first wind farm and first private power generator in Mongolia, which began its operations in 2013. The 50MW Tsetsii Wind Farm project marks the first power generation business in Mongolia for SB Energy and the SoftBank Group.

We are delighted to announce that the team of MDS KhanLex, led by its Managing Partner Enkhbat B. acted as a local counsel of Clean Energy Asia LLC on this landmark project.

For more information: http://newcom.mn/en/media/news/254