A recent study by the US National Renewable Energy Laboratory and the Mongolian National Renewable Energy Centre, estimated that Mongolia has potential to generate 2,600 GW of wind, solar, geothermal and hydropower-based energy. This figure represents approximately 25% of total global electricity demand and encapsulates the vast potential of Mongolia for renewables development.Mongolian President Tsakhiagiin Elbegdorj has been lauded internationally for his eco-friendly policies and for his promotion of renewable energy. At the Northeast Asia Renewable Energy Cooperation Forum in November 2012, the President outlined Mongolia's long term goal of exporting renewable energy to China and Russia.Government rhetoric on renewable energy has been strong with authorities claiming that Mongolia can become "the Saudi Arabia of the East, not for coal but for renewable energy."WindWith regard to wind, good sites can be found throughout the country. The most attractive sites are located the South Gobi region, which is alone estimated to contain 300 GW of high quality wind energy potential. The South Gobi also contains some of Mongolia’s largest mines and is well-situated for exports to China.The first commercial wind farm project in Mongolia – a 50 MW Salkhit wind farm outside of the capital Ulaanbaatar – was connected to the electricity grid in 2013 and is now generating electricity. The European Bank for Reconstruction and Development (EBRD) provided debt and equity funding for the project.HydroMongolia's 3,800 streams and rivers, which are located primarily in the northern and western areas of the country, have the potential for the generation of up to 6.4 GW of hydropower. Currently, Mongolia has approximately 12 MW of hydropower capacity, with an additional 12 MW under construction.Solar"The land of the blue sky" has, in an average year, 270 to 300 'sunny' days. Accordingly, solar potential in the country is quite high, estimated to be 11 GW. There are three solar PV installations in operation:the Naran Plant (5kW);the Noyon plant (200kW); andthe Tsagaanchuluut plant (1kW).One of Mongolia's most successful renewable energy initiatives has been the Solar Gers Project. Under the project, 100,146 herder families have been provided with portable solar energy systems since 1999. The project is jointly funded by the World Bank and Dutch Government and provides a 50% subsidy on the cost of solar systems. The Gobi Desert has been earmarked as a possible location for a large solar PV or concentrated solar plant.Geothermal40 possible geothermal sites have been identified, with projects at Tsenkher, Khujirt and Shargaljuut in the Khangai region deemed the most feasible. There is potential for 45 MW to 900 MW of geothermal power in Mongolia, however Mongolia has not generated power from geothermal resources yet.BiomassThe biomass potential of the country has not been extensively researched, however production from animal manures, particularly in rural areas, is deemed to have potential. There are currently no biofuels or biomass facilities in Mongolia.