Reported about 23 hours ago
Legal troubles for Indian tycoon Gautam Adani have drawn attention to critical weaknesses in India's burgeoning solar sector. Allegations from U.S. prosecutors accuse Adani's company of engaging in bribery related to a solar project, bringing to light the sector's challenges in transitioning to clean energy amid significant financial losses faced by state-owned electricity companies. Despite ambitious renewable energy goals, India's regulatory framework shows vulnerabilities that hinder competition and growth, causing a slowdown in solar capacity expansion.
Source: YAHOO