Archive · 15 Aug 2025
Adani's Solar Ambitions Amidst Legal Battles
Adani Group is investing heavily in solar and green hydrogen to grow its business.
However, a US solar company is suing them for allegedly stealing a patent.
Despite the legal issues, the company is expanding its solar panel production and building a green hydrogen facility.
Government support for renewable energy could help Adani.
The legal case and potential changes in trade policies could hinder Adani's expansion.
Adani Group's renewable energy arm, Adani New Industries Ltd (ANIL), is experiencing strong revenue growth.
ANIL's expansion into solar and green hydrogen faces scrutiny due to a US patent infringement lawsuit.
ANIL is building a fully integrated green hydrogen ecosystem in Mundra, Gujarat, powered by solar energy.
The Indian government's push for clean energy and incentives is expected to boost domestic solar demand.
An unfavorable court ruling or policy changes could slow Adani's growth.
- Who
- The Adani Group, particularly its subsidiary Adani New Industries Ltd (ANIL), and First Solar.
- What
- Adani Group's renewable energy business is expanding but faces a patent infringement lawsuit.
- When
- The company's expansion is currently underway.
- Where
- The company operates primarily in India, with significant operations in Mundra, Gujarat.
- Why
- Adani is betting on renewable energy and green hydrogen for future growth and faces legal challenges.
Adani Group
First Solar
Patent Infringement Allegations
Adani Group
Adani is contesting the patent infringement charge by First Solar, citing differences in manufacturing methods and its potential to tilt the case in Adani’s favour.
First Solar
First Solar has accused Adani's Mundra Solar PV Ltd (MSPVL) of patent infringement, seeking damages.
- ANIL Revenue FY25
- ₹14,236 crore
- MSPVL Revenue FY25
- ₹6,353 crore
- ANIL Ebitda FY25
- ₹4,776 crore
- MSPVL Profit FY25
- ₹1,085 crore
- Solar Capacity Sold FY25
- 4.3 GW
- Indian Solar Demand FY30 (estimated)
- 42 GW
Sources
ReNew reports multifold growth in Q1 net profit to ₹513 cr
Sustaining Operational Excellence and Financial Strength, Nava Advances on Strategic Growth Projects
Amara Raja Energy & Mobility PAT dips
ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales
ReNew sees 13x jump in net profit for June quarter