{"id":385262,"date":"2020-11-20T11:44:41","date_gmt":"2020-11-20T06:14:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=385262"},"modified":"2020-11-20T11:44:41","modified_gmt":"2020-11-20T06:14:41","slug":"adani-has-no-guaranteed-customer-for-6-billion-indian-solar-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-has-no-guaranteed-customer-for-6-billion-indian-solar-project\/","title":{"rendered":"Adani has no guaranteed customer for $6 billion Indian solar project"},"content":{"rendered":"<p>Adani Green Energy\u2019s record $6 billion solar power project announced in June has no guaranteed customer, its deal with India\u2019s 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 \u201clargest of its type, ever\u201d 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 \u201clegal or financial obligation\u201d to support the project if SECI fails to find buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adani Green Energy\u2019s record $6 billion solar power project announced in June has no guaranteed customer, its deal with India\u2019s 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 \u201clargest of its type, ever\u201d 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 \u201clegal or financial obligation\u201d to support the [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-385262","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385262","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=385262"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/385262\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=385262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=385262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=385262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}