When the bidders for India's multibillion-dollar incentive to make solar components were announced in early March, the absence of corporate behemoth Adani Group was conspicuous.
The group — which set up a gigantic factory to make solar equipment in 2016, more than tripled its capacity to make solar panels since 2017 and have begun making silicon materials needed to convert the sun rays to electricity — was expected to “bid in a large way,” said Chiranjeev Saluja, the managing director of Premier Energies, an Indian solar components manufacturer.
