Adani Bribery Allegations Impact Renewables
This is a U.S. news story, published by Yahoo Finance, that relates primarily to Gautam Adani news.
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Solar Energy CorpReuters
•Analysis-Adani allegations shine spotlight on India's clean energy conundrum
80% Informative
U.S. authorities allege that Indian billionaire Adani Group founder Gautam Adani conspired to bribe Indian state government officials to secure solar power supply deals.
Officials say state government-owned power distribution companies responsible for keeping the lights on have dragged their heels over striking renewable purchase deals.
India is still more than 10% short of its much-publicised pledge to add 175 gigawatts of renewable power by 2022 .
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