Adani Green Energy's Indian Billionaire Leader Charged With U.S. Fraud [Forbes]
TotalEnergies SE (TTE)
Company Research
Source: Forbes
Being associated with a renewable energy venture is often seen as a relatively benign and purposeful move for the wealthy. Especially in a world that is becoming increasingly conscious of its carbon footprint and the need to lower emissions. However, for one of India's richest men, his green foray has turned out to be anything but. That man happens to be none other than Gautam Adani, whose net worth is estimated to be in the region of $58 billion by Forbes . His global ports to commodities conglomerate - Adani Group - is a dominant force in India and has a presence in several global markets. For nearly a decade, Adani has displayed an interest in renewable energy. He has often spoken of his ambition to become the world's largest producer of green energy with ideas of investing up to $70 billion in renewables projects. It came as no surprise when his flagship Adani Group provided the seed capital to get Adani Green Energy Limited, or "AGEL" as its commonly known, off the ground
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