Best Ideas 2021 features all the nominated entries submitted under ‘Submit your Idea’ category. All the entries consist of innovative solutions or propositions for an enterprise that champions the Sustainable Development Goals. They can be on the conceptual, planning, or start-up stage.

Easy Electricity

Published on June 1, 2021 um 11:11

Explain your idea in details:

The countrys combined wind and solar power potential are estimated to be equivalent to 2,600 gigawatts (GW) of installed capacity or 5,457 terawatt-hours of clean electricity generation per year. The amount is enough to meet the countrys energy demand (around 1.2GW as of 2018) and can meet northeast Asias regional energy demand with a suitable transmission infrastructure. The governments target is a share of renewable energy in total installed capacity of 20% by 2023 and 30% by 2030 as announced in the State Policy on Energy, 20152030. TIMING Supporting private sector investment in renewable energy. The project is assisting the government to prepare market design and guidelines for ancillary service, utilizing regulation reserves provided by third parties. This would help the countrys energy market transit from the current regulated operation to a more market-oriented operation, improving the sector efficiency, says ADB Principal Energy Specialist Shigeru Yamamura. Once completed, ancillary service with private sector owned battery plants would be possible, accelerating renewable energy development, and boosting reliability. ADB has also supported the government to improve energy sector efficiency with separate technical assistance on smart energy systems, which covers automatic generation control and streamlined power settlement procedures, since December 2019. A growing market: Wind Energy Industry Growth The global wind turbine market was valued at US$90.114 billion in 2019 and is expected to grow at a CAGR of 5.34% over the forecast period to reach a total market size of US$123.154 billion in 2025

Expected impact of your idea on sustainable development

To incentivize renewable energy development, the Mongolian government has mandated feed-in tariffs of 8 to 9.5 U.S. cents per kWh for wind energy and 15 to 18 U.S. cents per kWh for solar energy, Mongolia has rich potential yet not everyone knows it, the worlds most invested country in wind power is China, as I researched, China's main resources of wind power is mainly from inner Mongolia, which the region belongs to china yet closest to Mongolia, and Mongolia's umnugovi region geographically is one of the windiest regions having a wind electric potential of 100,000-310,000 megawatts. And most of the energy made in Mongolia is 79.1% thermal coal, and only 0.3% from wind AND solar power, not only is it unhealthy, harmful and polluting, but the severity of pollutants in the air have taken more peoples lives than cancer, not only it will be a great impact but also a great opportunity because for now- people haven't realised Mongolia's wind power potential meaningless regional competition. and currently, China has planned to expand targeted installed capacity in the east and west inner Mongolia, especially west Mongolia. Potential contribution to sustainable development EXAMPLE: COMPANY CALLED CLEAN ENERGY As of 2014 supplied 174M kWh energy to the Central grid: Accounted for 3% of Central region energy consumption Supplied approximately 80,000 households annual electricity consumption Reduce coal burning by 122 thousand tons annually Save 1.6 million tons of freshwater annually Cut CO2 by 180 thousand tons annually

Plans for implementation and sustainability

With regard to wind, good sites can be found throughout the country. The most attractive sites are located in 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 Mongolias largest mines and is well-situated for exports to China. More than 160,000 square kilometres (km2 ) of land area in Mongolia, or 10% of the total land area, has been estimated to have good-to-excellent wind potential for utility-scale applications (power densities of 400600 W/m2 ). Based on the National Renewable Energy Laboratory (NREL) of the United States Department of Energy, at a capacity rate of 7 MW per km2, this area of Mongolia has the potential to support more than 1,100,000 MW of installed capacity, and potentially to deliver over 2.5 trillion kWh per annum, equivalent to 14% of global electricity consumption in 2017). Gobitec and Asian Super Grid (regional cooperation for business development) The Asian Super Grid initiative was proposed first in 2011 by Japanese Soft bank and subsequently by other international organizations. The Gobitec concept represents the idea of producing clean energy from renewable energy sources in the Gobi Desert and delivery of the produced energy to regions with a high demand for electric energy. The delivery of the energy produced is planned to be using power corridors: the planned Asian Super Grid (ASG), connecting Russia, Mongolia, China, South Korea and Japan. (By Asian Super grid, the goal is to utilize renewable energy across Asia by connecting China, South Korea, Russia, and Japan via an international power grid using solar and wind power generated in Mongolia as the main power supply.)

Your profile

I am a 14 years old Mongolian entrepreneur, what motivates me is to improve my country's economy and maximize its potential, I aspire to establish an impactful business to achieve it. I enjoy researching potential business models that can generate profits both in my local community and global ideas. I was raised in Hong Kong, a developed city and born of a developing country, so I couldn't help but see and observe the differences in quality of life by improving the economy, growng up, I marked each of my ideas in a notebook and one of them is to explore wind power potential in Mongolia. I was hesitant of sharing my ideas with other people, but I realized my end goal is to open opportunities to do business in Mongolia for others as well, what convinces me was a simple supply and demand principle, for more people and the more competition there is, the better deals made to advantage the Mongolian economy. I do know and aware of, however, if there are more competition, the disadvantages points to potential private sector business owners, like myself. But that's a risk I am willing to take. I am fluent in 5 languages, Mongolian, English, Mandarin (Chinese), Cantonese(Chinese). My father is a real estate businessman in Mongolia, and growing up I had the opportunity to understand concepts of business models and revenue generation, net profit and profitability. I consider myself fortunate to have an opportunity to find a competition of entrepreneurship and am willing to learn with open hands and minds. I look forward to my experience in this competition with delight.

Stage of Idea

conceptual stage, planning stage, idea offered for implementation by others

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