find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Gobi Desert wind farm to power Mongolia

Gobi Desert wind farm to power Mongolia

The development of a 25-turbine wind farm project in southern Mongolia will go ahead, with the support of a Danish company.

Firms:  MinterEllison, MEMGL and Norton Rose Fulbright (Vestas); Allen & Overy and MahoneyLiotta (European Bank for Reconstruction and Development and the Japan International Cooperation Agency); Baker & McKenzie (Clean Energy Asia).

Deal: A multi-jurisdictional finance agreement between entities in Mongolia, Japan and Singapore has been struck to develop a wind farm in the Gobi Desert. Danish company Vestas will supply the wind turbines.

Area: Energy, infrastructure, finance

Key players: A cross-jurisdictional team of lawyers from MinterEllison advised Vestas on the deal.

Ulaanbaatar-based partner Sebastian Rosholt (pictured) and senior associate Scott Schlink worked with partner Dunnaran Baasankhuu and associate Mandy Bayarbat from MEMGL in Mongolia.

MEMGL is a Mongolian-registered law firm that provides Mongolian legal services exclusively to MinterEllison.

MinterEllison Brisbane partner Michael Creedon and Hong Kong partner Christian Pellone also assisted.

Deal significance:

The Tsetsii wind farm project, located in Mongolia’s Gobi Desert, will boast 25 turbines to provide 50 megawatts of power to the country. Located approximately 540 kilometres south of Ulaanbaatar, the farm will aim to boost Mongolia’s renewable energy to 30 per cent by 2030.

Power from the Tsetsii wind farm is expected to go online by the end of 2017.

At present, Mongolia’s power-generation capacity from renewables sits at 7 per cent, mostly hydropower. The government has recently adopted sustainability measures including a new Green Development Policy and the Law on Energy Conservation and Efficiency.

A finance agreement struck between the shareholders of Clean Energy Asia LLC (CEA), the European Bank for Reconstruction and Development (EBRD) and the Japan International Cooperation Agency (JICA) will allow the wind farm development in the Gobi Desert to proceed.

The large-scale infrastructure project will be led by CEA.

According to a statement released by MinterEllison, which advised Vestas on the deal, the project represents a multi-jurisdictional financed infrastructure development in the “frontier market of renewable energy”.

“This is Vestas’ first major deal in Mongolia and the Tsetsii wind farm will be a key piece of energy infrastructure for Mongolia into the future,” lead Minters partner Sebastian Rosholt said.

“This project forms a vital part of Mongolia's renewable energy program and will reduce its reliance on fossil fuel-based energy. MinterEllison is delighted to have had the opportunity to work with Vestas in making this project a reality.”


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Gobi Desert wind farm to power Mongolia
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...