Bondada Group has entered into a long-term partnership with Adani Group for the design and construction of solar projects. The framework agreement formalizing the partnership was signed recently by both companies.
Adani Group will deploy a 1,126 MW/3,530 MWh battery energy storage system (BESS) at Khavda, the world’s largest renewable energy plant. This project, entailing deployment of more than 700 BESS containers, will be the largest BESS installation in India and one of the world’s largest single-location BESS deployments.
Market regulator, the Securities and Exchange Board of India (SEBI), has dismissed US-based short seller Hindenburg Research’s allegations of stock manipulation against the Adani Group companies and the Group’s Chairman, Gautam Adani.
Adani Enterprises, part of Adani Group, has launched India’s first hydrogen fuel cell-powered truck for mining logistics in Chhattisgarh’s Raipur district.
Following the indictment of its chairman, Gautam Adani, in the United States over bribery allegations, questions are being asked about Adani Group’s ability to raise capital. With the charges related to solar, India’s PV industry has wider concerns. Adani Group refutes the allegations and says it is as robust as ever.
The Adani Group has termed the US allegations of bribery for solar contracts ‘baseless’ and added that it will seek all possible legal recourse.
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.
Adani will supply clean energy from its solar-wind hybrid project at Khavda, Gujarat, to power Google’s cloud services and operations in India.
Next decade will see Adani Group invest more than $100 billion in the energy transition space and further expand its integrated renewable energy value chain—chairman Gautam Adani at CRISIL Ratings Annual Infrastructure Summit 2024.
Earlier this year, Adani Group also announced pumped storage investments in Tamil Nadu and Telangana.
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