Adani saga: Lack of takers for RE key reason behind corruption case

SECI could not find buyers for the said "Corrupt solar project," companies resorted to bribing states: SEC findings

A widespread reluctance among states to purchase renewable energy (RE) has led to a corruption case filed by the United States Attorney for the Eastern District of New York against Adani group and the New York Stock Exchange-listed Azure Power. 

This issue dates back to 2019-2020, when the Solar Energy Corporation of India (SECI) issued record-high tenders worth 30 gigawatt (Gw). 

SECI is an RE project-awarding and facilitating agency under the Ministry of New and Renewable Energy. 

However, these projects failed to find buyers in any state. In 2021, according to data from the Central Electricity Authority (CEA), 20 Gw