Sainshand Wind Farm

active

The project entails the construction and operation of a 55 - MW wind power farm in the city of Sainshand, East Gobi province of Mongolia. Sainshand Wind project will feature 25 2.2-MW Vestas generators, while the scheme’s output will be transmitted to an on-site substation. Once operational, the wind farm is expected to generate 190 million kWh per year. The wind farm will be built by China Machinery Engineering Corporation (CMEC) as the engineering, procurement and construction (EPC) contractor. Sainshand Salkhin Park LLC (project company) is sponsored by French energy leader ENGIE (formerly GDF SUEZ), German project developer Ferrostaal, Danish Climate Investment Fund (DCIF), MPC Capital and Mongolian entrepreneur, Radnaabazar Davaanyam, each holding equal stake. Total required investment for the wind farm is $120 million. The lenders have agreed to provide a total project financing of $78.5 million, which comprises EIB funding of $47 million, of which the first tranche will be guaranteed by EKF, Denmark’s Export Credit Agency, with NORD/LB acting as agent; and EBRD funding of $31.5 million. The remaining funds will come from sponsors' equity contributions. Financial close was reached in August 2017. The Sainshand wind farm is expected to become operational in the first half of 2019. https://ijglobal.com/data/transaction/28561/sainshand-wind-farm-55mw http://www.ebrd.com/news/2017/us-120-million-deal-for-sainshand-wind-farm-in-mongolia-reaches-financial-close.html http://www.ferrostaal.com/en/top-references-ferrostaal/54-mw-onshore-windpark-sainshand-mongolei/ https://www.mottmac.com/releases/sainshand-wind-farm-achieves-financial-close-mongolia https://eeas.europa.eu/delegations/china_en/31399/EIB%20backs%20USD%20120%20million%20Sainshand%20wind%20farm%20in%20Mongolia https://newsbase.com/topstories/sainshand-wind-farm-achieves-financial-close-mongolia Danish Climate Investment Fund and MPC Capital to be added to sponsors' list