Adani Group's Solar Power Controversy: A Global Accountability Test
Background The Adani Group, a towering presence in India's corporate world, is now facing one of the most significant controversies in its history. Allegations of bribery, fraud, and obstruction of justice by the U.S. Department of Justice (DOJ) have placed the conglomerate under intense scrutiny. While the legal process is still unfolding, the implications could ripple through the global renewable energy sector, investor confidence, and corporate governance practices in emerging markets. Here’s an in-depth look at the case, connecting its roots, allegations, and potential consequences. photo credit - Zee business A Brief Timeline of the Case 2019 : The Solar Energy Corporation of India (SECI) floated a massive tender for solar energy projects. Adani Green Energy and Azure Power Global secured contracts to develop 8 GW and 4 GW, respectively. The $6 billion project was touted as a milestone in India’s renewable energy journey. 2021 : The project hit a ...