Taiwan and Mongolia sign renewable energy deal

Taiwan and Mongolia have signed an agreement to collaborate in the field of renewable energy generation. Under the Memorandum of Understanding, the two nations will initially work on solar PV, […]

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By Priyanka Shrestha

Taiwan and Mongolia have signed an agreement to collaborate in the field of renewable energy generation.

Under the Memorandum of Understanding, the two nations will initially work on solar PV, wind power, energy audits and energy efficiency management.

The agreement is expected to help Taiwan’s renewable energy businesses “obtain sites that satisfy the international standards to expand in the overseas markets”, the nation’s Ministry of Economic Affairs said. Mongolia is said to have a much bigger market compared to Taiwan, with vast renewable energy resources.

Mongolia plans to send a team from the Ministry of Energy to train in “energy policy formulation, reasonable energy usage and renewable energy promotional strategies”.

Taiwan said it will also share its experience in designing coal-fired power stations and grid operations.