The Adani Group has termed the US allegations of bribery for solar contracts ‘baseless’ and added that it will seek all possible legal recourse.
Gautam Adani faces an indictment in the United States over claims it led a scheme to bribe Indian officials to secure multibillion-dollar solar contracts. The charges allege the group concealed its actions while seeking capital from US and global investors.
Adani Group chairman Gautam Adani said this week the Group will invest $10 billion in US energy security and infrastructure projects, creating up to 15,000 jobs in America.
With passage of a trifecta of clean energy legislation, the U.S. now has strong industrial policy that is building out domestic manufacturing, bringing jobs to the U.S., increasing clean energy capacity, driving the economy and more. What could change?
The nation can potentially replace Southeast Asia countries as a top solar PV product exporter to the US, according to a joint report by IEEFA and JMK Research.
On Day Three of pv magazine USA Week, four solar experts explored these forces while taking a deep dive into what the domestic manufacturing landscape looks like and what we can expect in the near future.
The battery maker reports that acquiring the module manufacturing assets is the first step in its plan to build out a vertically integrated domestic manufacturing footprint that will next include a 5 GW solar cell facility.
The U.S. Department of Energy’s latest solar cost model shows that residential solar prices are up, commercial solar is getting cheaper and utility-scale pricing remains flat. The addition of batteries increases costs by $1.75/W for residential projects and $0.75/W for larger installations.
Hygenco has entered into a memorandum of understanding (MoU) with REC Ltd for $280 million to finance its green
ammonia project in Gopalpur, Odisha.
After closing its business, eligible SunPower customers will have their warranty supported by Maxeon.
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