Investment · Project development · Advisory

We make the energy transition bankable in Mongolia.

For over a decade we have structured the financing, developed the projects and proved the models that move Mongolia’s energy and resource economy forward — working alongside international financial institutions, development finance institutions, commercial lenders and the sponsors they back.

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1stutility-scale battery in Mongolia
1stnon-sovereign municipal green bond
10+ yrsdeveloping energy & mining projects
US$1B+capital mobilised across mandates
What we do

From first idea to financial close — and beyond.

We are not only advisers. We originate, structure, finance and increasingly own the assets we develop.

01

Capital raising

Structured equity, debt and green and municipal bonds from institutional investors and development finance institutions.

02

Project development

Feasibility, permitting, offtake and EPC management — carrying projects from concept to commissioning.

03

Transaction advisory

Buy- and sell-side mandates across energy, mining and critical minerals.

04

Owner's Engineer

Independent technical oversight of power project delivery, from design review to handover.

05

Strategy & policy

Advisory for governments, ministries and international financial institutions on energy and climate policy.

New for 2026

Off-grid power as a service

Solar, storage and hybrid systems for remote mines. We build, own and operate — you simply buy the power.

Why we exist

Somebody has to do it first.

Mongolia's energy transition keeps running into the same wall: the technology exists, the capital exists, but no structure connects them. Our work is inventing that structure — and then proving it works.

2024

First utility-scale battery

Grid-connected storage at utility scale, delivered in roughly two and a half months, in a market that had none.

2024

A bond nobody had issued

The first non-sovereign municipal green bond in Mongolia, placed with an international development finance institution.

2026

Waste into soil

The country’s first automated food-waste-to-fertilizer plant, developed and taken through to approval.

2026

Power without a grid

Behind-the-fence renewable power sold as a service to remote industrial users — a first for this market.

Track record

Selected transactions and mandates.

Client names, counterparties and transaction values are withheld as a matter of course. Full credentials, with references, are available to identified counterparties on request.

Energy · Green finance

Utility-scale battery energy storage

Instrument
Municipal green bond, privately placed with a DFI
Size
US$50–100m
Our role
Structuring adviser and placement
Status
2024

First non-sovereign municipal issue of its kind in this market.

Energy · Project finance

Utility-scale wind generation

Instrument
Limited-recourse project financing, DFI and IFI lenders
Size
US$100–150m
Our role
Sponsor-side adviser; equity and debt raise
Status
Commissioned 2013

The first renewable financing model accepted by international lenders here.

Energy · Corporate offtake

Wind and storage hybrid for an industrial offtaker

Instrument
Long-term corporate power purchase agreement
Size
150–200 MW class
Our role
Transaction and development adviser
Status
In execution
Infrastructure · Trade

Customs-controlled logistics facility

Instrument
Sponsor equity, own-balance-sheet development
Size
Two-hectare bonded site
Our role
Developer and delivery
Status
Completed

Built, equipped and in operation.

Circular economy

Organic waste processing plant

Instrument
Development capital with concessional support
Size
Mid-market
Our role
Project development and structuring
Status
2026
Power systems · Public sector

Cross-border power system interconnection

Instrument
IFI technical assistance
Size
Four-country masterplan
Our role
Technical lead and international coordination, with a European utility partner
Status
Delivered

Presented to the political leadership of the participating countries.

Urban · Blended finance

Sub-national housing and urban renewal programme

Instrument
MDB loan with a concessional climate-fund layer
Size
US$500m+ programme
Our role
Financing structure and concessional funding proposal
Status
Structured

Concessional, sponsor-equity and commercial-bank tranching.

Mining · Critical minerals

National critical minerals market assessment

Instrument
IFI technical assistance
Size
Our role
Co-author, with an international markets partner
Status
2026

Published by the commissioning institution.

Energy · Services

Off-grid captive power for remote industrial sites

Instrument
Build-own-operate, financed on the offtake
Size
Programme
Our role
Originator, developer and operator
Status
Current

A selection only, and deliberately general.

Request full credentials
Independent · Senior-led

A boutique firm, by design.

We are small on purpose. The people who win a mandate are the people who execute it, and we take on only what that team can carry properly. It also means we can be candid: our advice is not shaped by a product we need to sell you.

Senior-onlyno work passed down a pyramid
Discreetclient and transaction detail is never published
Independentno distribution to place, no house position
Residentbased in Ulaanbaatar, executing to international standard
Ulaanbaatar · 17–28 August 2026

UNCCD COP17 — Restoring Land. Restoring Hope.

Mongolia hosts the world for the 17th Conference of the Parties to the UN Convention to Combat Desertification. NovaTerra will be there in the Blue Zone as a National Green Lab finalist.

17August
12days
197parties
  • Founding partner of the National Green Lab, with advised projects in the cohort
  • Aligned with Business for Land (B4L) and Land Degradation Neutrality
  • Supporting Mongolia Billion Trees National Movement
Leadership

A senior team, hands-on.

Small by design. The people who structure the deal are the people you meet.

ET

T. Enkhtumen

CEO & Partner

Investment and fund management, with sustainable finance experience across development finance institutions and Mongolia’s policy banking sector.

BS

B. Sergelen

Senior Advisor

Project development across mining and energy for European and Asian clients; 15+ years.

CB

Ch. Baldorj

Director of Technology

Renewable-energy specialist; 15+ years developing and commissioning projects.

Start a conversation

Have a mandate that needs to become bankable?

Whether it is power for a remote site, a resource asset, or a financing structure nobody has attempted in this market — the first conversation costs nothing, and if we are not the right firm for it we will say so.