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Modi’s Green Dream at Risk as Indian Renewables Hit by Headwinds

  • Clean-energy investment in third-largest emitter is falling
  • Adani crisis, rising interest rates and IRA all taking a toll

It took less than two weeks for TotalEnergies SE to put a massive green hydrogen project with Adani Group on hold after the Indian conglomerate was rocked by allegations of fraud.

The deal — part of a plan in which billionaire Gautam Adani’s clean energy business would have invested $50 billion over the next decade in the emissions-free fuel — remains in limbo, a victim of Hindenburg Research’s explosive short-seller report.