Bond advises Triodos IM

Bond advises Triodos IM on the co-financing of the largest solar plant in Mongolia.

A consortium of three parties consisting of the European Bank for Reconstruction and Development (EBRD), FMO, and Triodos Groenfonds provides a USD 31.6 million syndicated loan to Desert Solar Power One (DSPO) to build the largest solar plant in Mongolia. Bond advised Triodos IM on this transaction.

The project will help the country in diversifying its coal dependent power sector and reduce CO2 emissions. The plant will supply 27,000 Mongolian households with electricity from clean renewable energy, substituting the existing highly polluting coal sources.

For more info: https://www.triodos-im.com/articles/2018/mongolia-investment