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November 26,2024

SECI Halts 2 GW Solar Auction Amid Adani Indictment and Unsold Capacity

The Solar Energy Corporation of India pauses 2 GW solar and 4GW battery auctions following the indictment of Adani Group's chief over alleged bribery in securing power purchase deals. This delay comes as nearly 9 GW of previously auctioned solar capacity remains unsold due to lower prices in subsequent auctions, raising concerns about stranded assets and potential unfair practices.

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