Breakingviews - Adani charges highlight broader India solar risks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2024
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Source: Reuters
U.S. Indictment of Gautam Adani: The U.S. has charged billionaire Gautam Adani and others with securities and wire fraud for allegedly bribing officials to secure solar power contracts, highlighting ongoing risks in India's solar industry amid fluctuating prices and intense competition.
Impact on Solar Industry: The indictment has led to investment pauses from companies like TotalEnergies and potential suspensions of power purchase agreements in India, as the market faces challenges including declining returns and difficulties in securing buyers for solar-generated electricity.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
