Today, Parliamentary Speaker Z.Enkhbold participated in the opening of the 7^th annual Renewable Energy Forum, which is organized by the Ministry of Energy and the Mongolian Wind Energy Association.

In his speech the Speaker said: “Mongolia has huge energy reserves. Experts have proven that Mongolia has the ability to develop alternative energy sources of up to 2.6 terawatts, using the energy of the sun, wind, water and geothermal heat. For example: in 2001, the US National Renewable Energy Laboratory and Mongolian experts jointly developed an Atlas of Mongolian Wind Reserves. This atlas confirms that 10% of Mongolian territory has fabulous wind reserve potential. By using these wind reserves, Mongolia could generate 2.5 million gigawatts of electricity. Regarding solar energy, Mongolia has the Gobi, where 270 days are sunny days with clear skies – just slightly less than the Sahara. Therefore, Mongolia has a big future with renewable energy.

Currently, renewable energy accounts for only 8% of total energy produced in Mongolia. Over the next 5 years, we are going to increase the production of renewable energy by implementing ten projects to the value of USD 1.5 billion in the solar and wind energy sectors”.

The 7^th Renewable Energy Forum is being attended by approximately, 300 representatives, including foreign and Mongolian energy experts and NGOs.