Tuesday, 29 Sep 2026 Breaking: EAM Jaishankar warns of "major" food crisis
BREAKING: Apple launches AI platform | Tesla earnings beat estimates | Nvidia stock surges | Bitcoin crosses major resistance
Business

NOVVA Group and Mongolia's MDDIC sign MOU on clean-powered AI infrastructure, supporting Mongolia's "Sovereign by Design" green AI data centre initiative

NOVVA Group and Mongolia's MDDIC sign MOU on clean-powered AI infrastructure, supporting Mongolia's "Sovereign by Design" green AI data centre initiative

PRNewswire
Ulaanbaatar [Mongolia], August 26: NOVVA Group (Novva), a global clean energy infrastructure platform enabling the AI economy, and Mongolia's Ministry of Digital Development, Innovation and Communications (MDDIC) signed a Memorandum of Understanding (MOU) on green data centres, renewable energy, and AI-ready digital infrastructure in Mongolia.
The MOU was signed at the Host Country House during "Sovereign by Design -- Mongolia's Green AI Data Centre Initiative", convened on 25 August by the Government of Mongolia at UNCCD COP17. Opened by H.E. N. Uchral, Prime Minister of Mongolia, and joined by H.E. T. Dorjkhand, Deputy Prime Minister, alongside the Asian Infrastructure Investment Bank (AIIB) and international partners, the initiative sets out Mongolia's vision to become a leading green AI data centre hub among dryland economies.
Signed by Vincent Wen, Managing Director of Novva, and H.E. Nomin Chinbat, Minister of MDDIC, the MOU covers energy-efficient data centres and AI-ready infrastructure; renewable energy and storage, including solar PV, wind, and battery energy storage systems (BESS); site readiness; and policy consultation.
"Mongolia's renewable potential and forward-looking digital agenda create a strong foundation for clean-powered infrastructure to support the next generation of AI workloads. Novva is honoured to support MDDIC's Sovereign by Design vision," said Vincent.
The signing follows Novva's "Building Mongolia's AI Future" technical forum, held on 22 August 2026 during UNCCD COP17, which engaged Mongolian stakeholders on the country's clean-powered digital infrastructure opportunity.
Novva's Mongolia engagement expands its global footprint, which includes a 120 MWp solar project in the Philippines, a 37.8 MWac solar portfolio in Colombia, and an investment in battery innovator InoBat via Bromo Capital.
About Novva
Novva (NOVVA Group Pte. Ltd.) is an AI-enabling clean energy infrastructure and asset management platform, integrating power, land, infrastructure, and capital to deliver reliable, scalable, and financeable power solutions for AI infrastructure, while creating shared value for host communities.
www.novvaglobal.com
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same)

Tags

Related News

FM Nirmala Sitharaman pushes investment, economic ties with Saudi Arabia, Switzerland, Jordan at AIIB meet
Business
FM Nirmala Sitharaman pushes investment, economic ties with Saudi Arabia, Switzerland, Jordan at AIIB meet

<p>Doha [Qatar], September 29 (ANI): Finance Minister Nirmala Sitharaman held a series of bilateral meetings on the side...

Indian equities open lower amid weak global cues, elevated crude prices and US yields
Business
Indian equities open lower amid weak global cues, elevated crude prices and US yields

<p>Mumbai (Maharashtra) [India], September 29 (ANI): Indian equity markets opened on a cautious note on Tuesday after th...

Affordable housing lenders need new branches, catchments as mature outlets see growth stagnation: Report
Business
Affordable housing lenders need new branches, catchments as mature outlets see growth stagnation: Report

<p>New Delhi [India], September 29 (ANI): Growth for affordable housing finance companies (AHFCs) is increasingly likely...

Anthropic CEO Dario Amodei avoids comment as AI tech czars reach DC for key meeting with Trump
Business
Anthropic CEO Dario Amodei avoids comment as AI tech czars reach DC for key meeting with Trump

<p>Washington DC [US], September 29 (ANI): US President Donald Trump is expected to hold a key meeting with executives o...

US exempts India, 19 other nations from 100% tariff on speciality drugs
Business
US exempts India, 19 other nations from 100% tariff on speciality drugs

<p>Washington, DC [US], September 29 (ANI): In a major development for international trade, Washington has announced tha...

Exports, rising power demand to support manufacturing growth despite rural weakness: ICICI Bank
Business
Exports, rising power demand to support manufacturing growth despite rural weakness: ICICI Bank

<p>New Delhi [India], September 29 (ANI): India’s manufacturing growth is likely to remain supported by exports and a st...