October 6, 2017
Clean Energy Asia LLC
SB Energy Corp.
Newcom LLC
Clean Energy Asia, SB Energy of the SoftBank Group and Newcom Announce
Commercial Operation Launch of Tsetsii Wind Farm in the Gobi Desert, Mongolia
Project to contribute to Mongolia’s sustainable economic development
ULAANBAATAR, Mongolia--Clean Energy Asia LLC (“Clean Energy Asia”), together with its shareholders
Newcom LLC (“Newcom”) and SB Energy Corp. of the SoftBank Group (“SB Energy”), announced that its
50MW Tsetsii Wind Farm located in the Gobi desert started commercial operations today on October
6, 2017.
Mongolia faces significant challenges in meeting its growing demand for electricity, almost all of which
is currently met by ageing and polluting coal-fired plants. The wind farm will help supply Mongolia's
power demand with clean, energy-efficient electricity by harnessing Mongolia's vast and inexhaustible
wind resources. The project will also help contribute to sustainable economic development and themitigation of climate change. Clean Energy Asia commenced operations three months ahead of thepreviously scheduled launch date of December 2017.
Mongolia has a power-supply capacity of 1130MW, consisting of 88% coal, 6% diesel, 6% renewableenergy, and 2% hydropower sources (according to the Department of Energy, Mongolia, 2015). While
being the world’s eighth country most susceptible to climate change (according to Germanwatch’s“Global Climate Risk Index 2014”), electricity supply-demand balanced with its economic growth is anurgent issue for Mongolia. Accordingly, Mongolia is a country that particularly requires safe and secure
power sources such as renewable energy. The State Great Khural approved a national power policy in2015 that sets Mongolia’s mid-to-long term target and plan for 2015-2030 in the energy sector. The
policy aims to increase the power generation share of renewable energy to 20% by 2020 and to 30%
by 2030, and it stipulates the promotion of investment in the energy industry in cooperation withinternational financial institutions and donor countries, utilizing the abundant wind and solar resourcesin the Gobi region. Mongolia is the first country to sign a memorandum with Japan on the Joint
Crediting Mechanism (JCM) to reduce greenhouse gas emissions and this project was eligible for JCM
application through Japan’s Ministry of Trade, Economy and Industry (METI) at the feasibility study stage.
In these circumstances, this Tsetsii Wind Farm project can help contribute to the increased adoption ofrenewable energy in Mongolia.
This wind farm project is the first dollar-denominated project finance debt transaction by JICA throughits Private Sector Investment Finance scheme in the renewable energy field, and also marks the firstpower generation business in Mongolia for SB Energy and the SoftBank Group.
Masayoshi Son, Chairman & CEO of SoftBank Group Corp., commented as follows:“The SoftBank Group started renewable energy development in Mongolia to realize our multinational
power grid plan called the Asia Super Grid, first announced in 2011. I’m very pleased that thecommercial launch of the Tsetsii Wind Farm marks the first step for the SoftBank Group to establish arenewable energy business in Mongolia under the Asia Super Grid project, in addition to India andJapan.
Shigeki Miwa, Representative Director & CEO of SB Energy Corp., commented as follows:“This project represents the first stepping stone for renewable energy expansion in Mongolia and also
for our Asian Super Grid project. With SB Energy’s knowhow in the Japan renewable energy market
and our partner Newcom’s cooperation, we were able to complete our first successful project inMongolia.
We would like to thank all our partners for their contributions to enabling the safe start of operations,
including our financial partners EBRD and JICA. SB Energy will continue to promote its renewableenergy business by utilizing its knowhow from projects in Mongolia and Japan in order to contributeto the reduction of CO2 emissions and the increased adoption of renewable energy globally.”
Enkhbold Nyamjav, Chairman and CEO of Newcom Group commented as follows:“The successful completion of Tsetsii Wind Farm project this year and Mongolia’s first wind farm
Salkhit in 2013 are testaments to Newcom’s vision in being the pioneer in innovative technologies inMongolia. We are proud to have led the development of renewable energy sector in Mongolia andwe are proud to introduce and grow our partnership with the SoftBank Group through this pilot
Tsetsii Wind Farm project in Mongolia.
We would like to sincerely thank everyone who contributed to our project including our co-developer
SB Energy, our financial partners EBRD and JICA, Mongolian government authorities, and all theworkers who committed their time and effort to this project. Thanks to everyone’s best efforts ourproject was finished well ahead of the initial planned schedule. During the peak of the project’s
construction period, we had over 400 workers and more than 95% of those workers were Mongolians.
This is a clear proof that Mongolian professionals are talented and skilled enough to complete a worldclass project.
We believe the successful completion of our project has increased the confidence of foreign investors
in Mongolia and proven that Mongolia is a country where things can be done. For that we are
extremely proud and we believe our work has paved the path to future large-scale energy export
projects and gotten us closer to the realization of the Asian Super Grid.”
Summary of Tsetsii Wind Farm
Location
Output scale
Estimated annual power generation(First year)
Commercial operation date

Tsogttsetsii soum, Umnugobi aimag, Mongolia
50MW: 2,000kW x 25 generators
Approx. 200,000,000kWh
October 6, 2017

Ribbon-cutting at Tsetsii Wind Farm Operation Launch Ceremony

Tsetsii Wind Farm in the Gobi Desert Mongolia

About Clean Energy Asia LLC
Clean Energy Asia LLC (CEA) was established in 2012 as a joint venture between Newcom LLC and SB
Energy Corp., the renewable energy arm of SoftBank Group Corp.
About SB Energy Corp.
SB Energy is a subsidiary of SoftBank Group Corp. and one of the leading renewable energy
companies in Japan. As of October 2017, it had over 408.5MW of power in operation with 34 plants(equivalent power needed to supply approximately 128,180 households in Japan). SB Energy is aiming
to spread and expand the adoption of renewable energy derived from natural sources, such as large
scale solar power generation (Mega Solar) and wind power generation.
About Newcom LLC
Newcom is a Mongolian clean technology and infrastructure investor committed to bringing global
expertise and innovation to Mongolia. Newcom Group has a diverse portfolio of investments across
telecommunication, information technology, financial services, renewable energy, real estate andmining services sectors. The company operates Mongolia’s first wind farm, with capacity of 50 MWand located 70km from Ulaanbaatar city and is in the process of developing the 450 MW combined
heat and power plant #5 as part of an international consortium awarded the concession agreementby the government. The company’s headquarters are in Ulaanbaatar, Mongolia. For more information,please visit www.newcom.mn.