Recently, during the 25th World Petroleum Congress Energy Week in Riyadh, Saudi Arabia, a memorandum of cooperation was signed to connect the wind and solar resources of the Mongolian Plateau with the green electricity demand in the Chinese market. Saudi Arabia's ACWA and Mongolia's Sun Steppe Power have reached a cooperation intention to develop a comprehensive energy project with a total installed capacity of 4.5GW and build cross-border transmission facilities to export green electricity to China. Prince Abdulaziz bin Salman, Minister of Energy and Minister of Industry and Mineral Resources of Saudi Arabia, and ACWA Chairman Mohammed Abunaan attended the signing ceremony. A cross-border green power channel is brewing from the Gobi grassland to the North China power grid.

4.5GW Wind and Solar Storage Project

According to the memorandum signed by both parties, the cooperation mainly includes two parts. One is to develop and construct a comprehensive energy project with a total installed capacity of 4.5GW, covering wind and photovoltaic power, and supporting a 500MWh energy storage system. This scale is still at the forefront of renewable energy development in Mongolia, marking the country's transition from a single resource export to green energy output. At present, more detailed project information such as investment amount and construction schedule has not been announced. However, if the project is smoothly promoted, it will greatly enhance the development and utilization level of Mongolia's wind and solar resources, and lay a power foundation for subsequent cross-border green electricity trade.

Cross border transmission of green electricity

Another core aspect of the cooperation is the construction of cross-border transmission facilities for power supply to China or other markets agreed upon by both parties. This means that Mongolia's abundant wind and solar resources will be converted into green electricity, which will be transmitted to China through cross-border transmission channels. If the project is implemented, it will provide a new source of green electricity for northern China and help optimize the energy structure. The construction of cross-border transmission facilities involves the interconnection of power grids between the two countries, requiring policy coordination and technical docking. Specific plans need to be further clarified. This direction of cooperation also reflects the expansion of regional energy cooperation from traditional fossil energy trade to green power interconnection. Keywords: Middle East News Network, New Energy, Wind Power, Energy Storage, Photovoltaic

Mongolian companies join hands with ACWA

The Mongolian company that signed the memorandum this time is SunSteppe Power, a renewable energy project development company based in Mongolia. Its shareholder background can be traced back to Petro Matad, which has long been engaged in Mongolia's oil and gas business, and Sunsteppe Energy, a local new energy development enterprise in Mongolia, each holding 50% indirect equity. Among them, Petro Matad's important shareholder is the Mongolian petroleum product supply group Petrovis. Sunsteppe Energy is involved in the development of multiple renewable energy projects within Mongolia, including the 100MW solar storage project in Central Gobi Province, the 100MW solar storage project in Qianhang'ai Province, the 90MW solar storage project in Ulaanbaatar, the 200MW wind solar storage project in Central Province, and the Oyu Tolgoi Green Hydrogen Demonstration Project. SunSteppe Power's business positioning is mainly local project initiation and early development, responsible for resource and site selection, land and permit coordination, technical and business research, and introducing international investors to participate in construction and operation.Editor/Gao Xue