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The Latest Breaking News from Adani Green Energy

India needs 2,000 GW new power capacity in 20 years, says Adani Green's Sagar Adani

India needs to add nearly 2,000 gigawatts of new power generation capacity over the next two decades to meet rising demand and reduce reliance on imported fuels, according to Adani Green Energy Executive Director Sagar Adani. He emphasized that electrification, supported by renewables, hydro, thermal, and nuclear power, is the…

The Economic Times

Adani Green in talks to raise as much as $1 billion in offshore borrowing after US settlement

Adani Green Energy is planning to secure a significant offshore loan of up to $1 billion. This marks the company's first international borrowing after resolving legal issues in the United States. The funds will support capital expenditure and other company needs. This move could also invigorate India's offshore loan market,…

The Economic Times

Rahul Gandhi takes dig at PM Modi on Norway pension fund dropping Adani shares from portfolio

Rahul Gandhi took aim at Prime Minister Narendra Modi regarding a move by Norway’s pension fund to drop Adani Green Energy from its investments.

The Economic Times

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Adani Power vs. Green vs. Energy: Why mutual funds are betting billions on this electrification trio

Indian mutual funds are significantly increasing their stakes in Adani Power, Adani Green Energy, and Adani Energy Solutions. This strategic shift indicates a strong conviction in India's electrification drive. These companies are seen as key players in meeting the nation's growing demand for electricity driven by data centers, electric vehicles,…

The Economic Times

Adani settles SEC case, criminal charges set to be dropped — a 17-month legal battle winds down

Gautam Adani and his nephew Sagar will pay $18 million to settle US Securities and Exchange Commission charges. The Adani Group faces allegations of false statements regarding Adani Green Energy Ltd. This settlement could pave the way for the conglomerate's return to international markets. The Justice Department is also moving…

The Economic Times

Inside the world’s largest renewable energy park – proof the green transition isn’t dead

ON THE GROUND: Stuti Mishra reports from a site in western India that’s roughly seven times larger than the city of Paris and combines solar and wind power to produce energy around the clock. Nothing on this scale exists anywhere else in the world

The Independent UK

US legal troubles for tycoon Adani expose shortcomings in India's booming solar sector

A U.S. corruption case involving Indian energy tycoon Gautam Adani has exposed vulnerabilities in India's solar sector that are hindering its capacity to switch to clean energy and help limit climate change

The Independent UK

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The Future 50: The companies most likely to adapt, thrive, and grow

The AI boom and a strong venture-capital culture have made the U.S. the center of activity in the 2024 edition of our list.

Fortune

Glittering Dreams: India's Big Push For Solar Power

Vast lines of solar panels reflect the blazing sun in India's western deserts, a dazzling ocean broken only by bristling wind turbines.

International Business Times

The Indian solar deals embroiled in US indictment against Adani group

The indictment by United States prosecutors against Adani Group chairperson Gautam Adani and seven other executives, including of the firm Azure Power, does not name any officials to whom the defendants allegedly paid bribes totalling Rs 2,029 crore.

Newslaundry

Why has Indian billionaire Gautam Adani been charged in a US bribery case?

It’s the latest in a recent series of fraud allegations trailing the embattled billionaire’s Adani Group.

Al Jazeera

Adani met YS Jagan in 2021, promised bribe of $200 million, says SEC

Foreign Official #1 is how the indictment order by the United States identifies a high-ranking official in Andhra Pradesh whom Gautam Adani personally met in August 2021 to offer bribes for getting solar contracts.

Newslaundry

Adani Group shares plunge by double digits after U.S. accuses Indian billionaire Gautam Adani of bribery

Shares in Adani Enterprises, the group’s flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani’s net worth.

Fortune

Adani’s US ‘arrest warrant’ over bribery: Foreign media points to ‘text trail, ties with Modi’

Update: At 1:41 pm on November 21, 2024, Adani Group-owned NDTV Profit published a report saying that the conglomerate denies the allegations against it and will seek legal recourse.

Newslaundry

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Newslaundry

Adani indicted in US for $265 million bribery scheme in solar energy contracts

Adani Group founder Gautam Adani and seven others, including his nephew Sagar Adani, have been indicted in New York over serious charges of alleged bribery and securities fraud related to solar energy projects in India.

Fortune

A billionaire titan and the former third-wealthiest person in the world was just charged in a mammoth $2 billion bribery scheme

The alleged plot involved code names, PowerPoints, and bribe notes as a way to pay out hundreds of millions in bribes to government officials, authorities alleged.

The Guardian - UK

Save the Children pulls out of Science Museum event over sponsor concerns

Move follows London museum’s links to Adani Group, which has partnership with Israeli arms manufacturer

Top News

India's Adani Group To Build World's Largest Renewable Park

Adani Green Energy's Khavda Renewable Energy Park in Gujarat is set to be the world's largest, powering 16 million homes with clean electricity.

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The Guardian - UK

Is Science Museum’s green power gallery tainted by fossil-fuel cash?

Museum’s funding by Indian energy group sparks controversy – with activists calling for boycott of ‘tainted’ partnership but others in full support

International Business Times

Indian Tycoon Adani Bets Big On Vast Solar And Wind Plant

Deep in the desert along the border with Pakistan, India's most controversial billionaire is building the world's largest renewable energy park as he races to future-proof his coal-linked fortune.

The Times of India

Adani Green Energy net profit rises 51% to Rs 323 crore in Jun quarter

MUMBAI: Adani Green Energy on Monday reported a nearly 51 per cent rise in consolidated net profit to Rs 323 crore in the June 2023 quarter, mainly driven by higher revenues.

The Times of India

Six Adani group companies settle higher; four firms hit upper circuit

NEW DELHI: Shares of six Adani Group firms out of ten listed entities ended the day in positive territory on Thursday amid an overall weak trend in the equity markets.

The Times of India

Roadshows, $3 billion credit from sovereign wealth fund: What Adani Group is doing to restore investors' trust

NEW DELHI: The Adani Group is trying all means to win back investors' confidence in the aftermath of a massive stock rout that has eroded over $140 billion of its market value since January 24.

The Times of India

Adani Group to invest $442 million in bankrupt Sri Lanka

NEW DELHI: Sri Lanka's Board of Investment has approved two wind power plants by Adani Green Energy with a total investment of $442 million.

The Times of India

Adani vs Hindenburg saga: 10 things which have happened so far

NEW DELHI: Amid reports of cut in growth targets and capex, Adani Group on Monday said that its growth plans are intact, business plans are fully funded and it remains confident of delivering returns to shareholders.

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