Allegations of fraud at Indian conglomerate Adani Group, which have knocked around US$125 billion off its market value since January, are unlikely to cause any perceptible damage to India’s long-term solar growth, according to two prominent members of the industry.
The company said the Helios Guamo and Helios Lanceros projects — both of them having the capacity of 19.9MWac — will reach the ready to build status by the third quarter this year.
Solar technology and renewable energy company Canadian Solar posted a nearly 152% increase in net income last year, while its solar project development pipeline increased.