First ACE Acquisition 30MW Solar Plant
With several project prospects now in the pipeline, ACE is well-positioned for continuous and lasting growth.
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The first project that ACE will focus on in the short term is a 30MW solar project acquisition in the northern province of Selenge.
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ACE has completed the acquisition of the Selenge project with a local developer, which has in hand the lease contract and the PPA contract to be renewed at an expected 12-13 cent rate.
The project will serve power to the provincial capital and surrounding region which is located in the same region as an existing solar plant developed by Sharp Corp developed to serve the capital (shown bottom right).
Second Project
Lease Option in Premium Solar & Wind Site
ACE has acquired an option to lease up to 250-hectares of land located in Dundgovi Province. The property is situated adjacent to a 220KV line and within 3kms of a new 330KV substation, the most advanced in the country.
The land is also close to modern highway access - a luxury in Mongolia’s Gobi Desert region. Little road preparation is needed.
Solar conditions are very favourable and the wind is present 365 days per year. Site preparation is minimal as the land is situated on very flat ground.
This project has an immediate minimum 100MW capacity (wind and solar) which can be doubled in coming years. Centrally positioned for transmission to OT copper mine, export to China and for inclusion in the future Northeast Asia Power Grid.
The Dundgovi Project is highly sought-after by large Chinese corporations. Key members of the ACE executive team who have worked for decades in the Chinese renewable energy space can negotiate the PPA with a China off-taker.
