{"id":385153,"date":"2020-11-20T09:08:28","date_gmt":"2020-11-20T03:38:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385153"},"modified":"2020-11-20T10:27:56","modified_gmt":"2020-11-20T04:57:56","slug":"adani-has-no-guaranteed-buyer-for-6-bn-solar-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-has-no-guaranteed-buyer-for-6-bn-solar-project\/","title":{"rendered":"Adani has no guaranteed buyer for $6 bn solar project"},"content":{"rendered":"<p>Adani Green Energy&#8217;s record $6 billion solar power project announced in June has no guaranteed customer, it&#8217;s deal with India&#8217;s main solar-adoption agency shows, and may expose the company to higher financial risk.<\/p>\n<p>Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal, which Adani hailed as the &#8220;largest of its type, ever&#8221; and a landmark for India.<\/p>\n<p>However, previously unreported details of the agreement between Adani Green and Solar Energy Corp of India Ltd (SECI) reveal the agency has no &#8220;legal or financial obligation&#8221; to support the project if SECI fails to find buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Green Energy&#8217;s record $6 billion solar power project announced in June has no guaranteed customer, it&#8217;s deal with India&#8217;s main solar-adoption agency shows, and may expose the company to higher financial risk. Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal, which Adani hailed as the &#8220;largest of its type, ever&#8221; and a landmark for India. However, previously unreported details of the agreement between Adani Green and Solar Energy Corp of India Ltd (SECI) reveal the agency has no &#8220;legal or financial obligation&#8221; to support the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,234],"tags":[],"class_list":["post-385153","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385153"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385153\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}