(MENAFN) According to analysts, the current crisis surrounding India's Adani Group emphasizes the necessity for India to broaden its sources of green energy investment and production beyond its current reliance on a few private conglomerates.
The sector could potentially experience a decrease in investment in the aftermath of the Adani crisis, but industry experts believe that India's renewable energy sector is equipped to endure any impact.
Ashwini Kumar, a green hydrogen consultant and climate advocate, highlights the significance of diversifying investment and financing sources for India's renewable energy objectives.
He notes that the Indian energy sector is evolving rapidly, and that fresh and substantial investments are necessary to allow companies to make the required investments in the sector.
Since Hindenburg Research, a US-based short-seller, released a harsh report last month accusing the Adani Group of financial irregularities, billionaire Gautam Adani has observed the market value of his listed companies plummet by over $100 billion.
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