50 MW Salkhit Wind Farm Project developed by Clean Energy LLC was awarded the Project Finance Asia Pacific Renewable Deal of the Year 2012. The ceremony, held on 21 March 2013 in Singapore, awarded 14 projects in the region for innovation, deal repeatability, best practice, problem solving, risk mitigation, value for money and speed of delivery in the financing of infrastructure projects, large or small.

“It is our pride to be the first awardee from Mongolia for this prestigious nomination” said Enkh-Amgalan Sengee, CEO of Clean Energy.

Started 14 years ago, the Project Finance Award is organized by the Project Finance Magazine which provides breaking industry news and in-depth analysis of the benchmark deals in range of sectors including oil & gas, power, renewables, transport, water, infrastructure funds, project bonds, mining and public- private-partnerships for 28 years. All deals are double vetted and shortlisted by a team of journalists from the magazine and independent industry experts via a weighting system based on the categories above. On average 300-350 of the best deals of the given year are entered for the awards.

The $122 million Salkhit wind farm is the first independent power project of any kind in Mongolia, currently under construction 70 km southeast from the capital in Sergelen soum of Tuv province. Clean Energy is a renewable energy company owned jointly by Newcom LLC, General Electric Pacific Pte Ltd, the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Bank (FMO).