Mongolia’s wind project bags US Treasury award

A renewable energy project in Mongolia has won a prestigious US Treasury gong. The 50MW Salkhit wind farm – which supplies nearly 5% of the nation’s electricity needs – was one of the six projects chosen for the Development Impact Honors award. Due to Mongolia’s heavy reliance on coal-fired power plants, its capital Ulaanbaatar is […]

ADB’s green project in Bhutan wins US Treasury award

A green energy project that aims to increase access to electricity in rural households in Bhutan (pictured) and boost renewable power in India has won the US Treasury’s Development Impact Honours. Called the Green Power Development Project, it is believed to be the first certified cross-border clean development project run by the Asian Development Bank […]

Barclays’ $453m fine for allegedly rigging US energy market

Barclays Bank and four of its traders have been ordered to pay $453 million (£298m) by the US energy regulator for allegedly manipulating electricity prices. The bank must pay $435 million (£286m) in penalties to the US Treasury within 30 days, one of its traders must pay $15 million (£9.87m) whilst the other three $1 […]