Adani Group Faces Turbulence Amid Scandal and Market Fluctuations

Bribery allegations against Adani Group founder Gautam Adani highlight challenges in India's renewable energy sector, particularly in securing buyers for solar and wind power. Despite India's push to increase renewable capacity, state-owned power distribution companies are slow to adopt clean energy due to infrastructure and reliability concerns. The situation is exacerbated by changes in tender processes and a lack of state-guaranteed Power Purchase Agreements, leading to delays and potential financial difficulties for renewable projects.