Abstract Even though the country''s geographic and climatic characteristics are favourable for renewable energy technology, Mongolia''s power infrastructure has a large carbon footprint. Therefore, it is crucial to determine Mongolia''s economic potential for solar and wind energy.
From the literature survey, it is observed that for the study area of Mongolia, only a handful of studies have been conducted in the field of techno-economic wind and solar potential using GIS. A notable study was performed in 2001 by the National Renewable Energy Laboratory (NREL) .
Both wind and solar technologies are assumed to have a lifetime of 25 years. Since Mongolia has a FiP support scheme in place , the rates of the Feed-in Premium’s upper limit are used for calculating the revenue stream for the NPV during the FiP period, which is 10 years .
The combined technical wind and solar potential is estimated at 7.25 TW capacity, generating 12.17 PWh/year of electricity. The results look promising, especially for ground-mounted PV, which can partly be traced back to Mongolia’s favorable geographic and weather conditions, as well as to the generous Feed-in Premium.
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