The Securities and Exchange Commission (SEC) has charged Gautam Adani and Sagar Adani, executives of Adani Green Energy, as well as Cyril Cabanes, an executive of Azure Power Global, for conduct arising out of a bribery scheme.
According to the SEC’s allegations, the scheme was orchestrated to enable the two renewable energy companies to capitalize on a multi-billion-dollar solar energy project that the companies had been awarded by the Indian government. During the alleged scheme, Adani Green raised $175 million from U.S. investors and Azure Power’s stock was traded on the New York Stock Exchange.
In one action, the SEC charged Gautam Adani, chairman of Adani Green’s board of directors, and his nephew, Sagar Adani, executive director of Adani Green’s board. According to the complaint, Gautam and Sagar Adani orchestrated a bribery scheme that involved paying or promising to pay the equivalent of hundreds of millions of dollars in bribes to Indian government officials to secure their commitment to purchase energy at above-market rates that would benefit Adani green and Azure Power.
As alleged, Gautam and Sagar Adani were engaged in the bribery scheme during a September 2021 note offering by Adani Green that raised $750 million, including approximately $175 million from U.S. investors. The Adani Green offering materials included statements about its anti-corruption and anti-bribery efforts that were materially false or misleading in light of Gautam and Sagar Adani’s conduct.
In the other action, the SEC charged Cyril Cabanes, a former member of Azure Power’s Board of Directors, with Foreign Corrupt Practices Act (FCPA) violations for his role in the alleged bribery scheme. According to the SEC’s complaint, Cabanes allegedly facilitated the authorization of bribes in furtherance of the scheme while in the United States and abroad.
“As alleged, Gautam and Sagar Adani induced U.S. investors to buy Adani Green bonds through an offering process that misrepresented not only that Adani Green had a robust anti-bribery compliance program but also that the company’s senior management had not and would not pay or promise to pay bribes, and Cyril Cabanes participated in the underlying bribery scheme while serving as director of a U.S. public company,” says Sanjay Wadhwa, acting director of the SEC’s Division of Enforcement.
“We will continue to vigorously pursue and hold individuals, including senior corporate officers and directors, accountable when they violate our securities laws.”
The SEC’s complaint against Gautam and Sagar Adani charges them with violating the antifraud provisions of the federal securities laws. The complaint seeks permanent injunctions, civil penalties and officer and director bars. The SEC’s complaint against Cabanes charges him with violating the FCPA and seeks a permanent injunction, a civil penalty and an officer and director bar. Both complaints were filed in the U.S. District Court for the Eastern District of New York.
In a parallel action, the U.S. Attorney’s Office for the Eastern District of New York have unsealed criminal charges against Gautam and Sagar Adani and Cabanes, among other individuals connected to Adani Green and Azure Power.
The SEC’s ongoing investigation regarding Adani Green is being conducted by Nicholas Karasimas, Stewart Gilson, Christopher M. Colorado and Alison Conn of the New York Regional Office. It is being supervised by Tejal D. Shah.
The litigation will be led by Colorado, Karasimas and Gilson, under the supervision of Daniel Loss. The FCPA investigation is being conducted by Eric Heining, Patrick Noone and Paul Block of the SEC’s FCPA Unit. The litigation will be led by Boston Regional Office Trial Counsel Martin Healey. The SEC appreciates the assistance of the U.S. Attorney’s Office, the Fraud Section of the U.S. Department of Justice, and the FBI.
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SEC Charges Senior Executives Alleging Bribery Involving Adani Green, Azure Power
Weather Guard Lightning Tech
Australia’s $17B Grid Expansion, Recycling Blades to Steel
Allen covers Suzlon hitting 2 GW in a single Indian state, Nabrawind’s crane-free turbine install in Namibia, Antora’s South Dakota thermal battery, Australia’s $17 billion grid expansion, and Shimizu recycling old turbine blades into steel.
Sign up now for Uptime Tech News, our weekly email update on all things wind technology. This episode is sponsored by Weather Guard Lightning Tech. Learn more about Weather Guard’s StrikeTape Wind Turbine LPS retrofit. Follow the show on Facebook, YouTube, Twitter, Linkedin and visit Weather Guard on the web. And subscribe to Rosemary Barnes’ YouTube channel here. Have a question we can answer on the show? Email us!
GOOD MORNING.
The wind industry is not just getting bigger.
It is getting smarter.
And today … we have the proof.
Let us start in India.
SUZLON GROUP just crossed a milestone.
Two gigawatts of wind orders … in a single Indian state.
The latest deal … sixty-five turbines at three megawatts each
for a company called SUNSURE ENERGY.
SUNSURE is not a utility.
It is an independent power producer
building round-the-clock clean energy
for data centers … electric vehicles … and heavy industry.
Wind paired with solar and battery storage.
Power that does not stop when the sun goes down.
SUZLON is already building six hundred and sixty-four megawatts
of additional commercial and industrial projects in the same region.
And SUNSURE … backed by PARTNERS GROUP of Switzerland …
has seven gigawatts in development across India
with a target of ten gigawatts by two thousand thirty.
That is not government-led.
That is private capital chasing wind.
Now … across the ocean to Africa.
A Spanish company called NABRAWIND [NAH-brah-wind]
just solved a problem that has plagued remote wind farms for years.
How do you install a turbine
when you cannot get a crane to the site?
Their answer is a system called SKYLIFT.
No heavy-lift cranes. None.
A self-erecting tower combined with a blade installation tool
they call the BLADERUNNER.
They just put up a GOLDWIND six-megawatt turbine
at a wind farm in NAMIBIA.
And here is the part that changes the math.
Traditional crane installation needs calm air.
Six to eight meters per second. Maximum.
NABRAWIND’s system works in fifteen meters per second sustained …
with gusts up to twenty.
That site blows hard. All the time.
Which is exactly why they chose it.
When complete … seven turbines …
two hundred and thirty gigawatt-hours a year.
About six percent of NAMIBIA’s entire electricity demand.
NABRAWIND was acquired by Australia’s FORTESCUE last year
as part of its industrial decarbonization push.
So India is stacking private-sector wind orders.
Africa is installing turbines without cranes.
And in SOUTH DAKOTA …
they are storing the wind itself.
A California startup called ANTORA ENERGY
just built a five-gigawatt-hour thermal battery
at an ethanol plant in BIG STONE CITY.
More than two hundred solid carbon blocks.
When the wind blows at night and nobody needs the power …
the blocks absorb cheap electricity and heat up.
When the plant needs energy …
the blocks release heat or generate electricity
through special cells that capture light
from superheated material.
Think of it as a giant toaster oven battery.
Full power expected by October.
The plant’s president put it simply.
Nobody has got a switch for the wind.
It blows when it wants to blow.
Now … down under.
The AUSTRALIAN government just announced
the biggest single expansion of its electricity grid.
Nineteen renewable energy projects.
Seven-point-eight gigawatts of generation.
Seven-point-nine gigawatt-hours of battery storage.
Seventeen billion dollars in private investment.
Nineteen thousand construction jobs.
Power for four million homes.
Among the largest … RWE’s [arr-vay’s] THEODORE wind farm in QUEENSLAND.
One-point-one gigawatts. Up to one hundred and seventy turbines.
Three billion Australian dollars.
RWE … the same company building offshore wind
in England and Denmark …
is now building onshore in AUSTRALIA.
And the AUSTRALIAN government is not stopping.
They just opened the next round of tenders.
Another five gigawatts.
Finally … JAPAN.
Major contractor SHIMIZU [shee-MEE-zoo] CORPORATION
has developed a way to recycle old wind turbine blades.
Not into park benches. Not into landfill.
Into steel.
The blades are cut and crushed into a material
that goes into electric furnaces
to adjust the carbon content of steel …
making it harder and stronger.
JAPAN expects to replace one hundred to two hundred turbines a year
by the two thousand thirties.
That is two to three thousand tonnes of blade waste. Annually.
SHIMIZU has built about twenty percent
of the wind power facilities in JAPAN.
They see this technology as a way to grow
their entire wind energy business.
So … let us step back.
India stacks two gigawatts of private-sector wind orders.
Africa installs turbines in gale-force winds … without a crane.
South Dakota stores surplus wind in superheated carbon blocks.
Australia backs nineteen projects with seventeen billion dollars.
And Japan turns old blades into stronger steel.
From the factory floor to the scrap yard …
from the wind farm to the furnace …
the industry is solving problems
at every stage of a turbine’s life.
And that’s the state of the wind industry for the 25th of May 2026.
Join us for the UPTIME WIND ENERGY PODCAST tomorrow.
We’ve all heard ideas like the one being expressed here, though this one sounds extreme. Jail sentence? Education is exclusively an exercise in pounding in bad habits?
What’s the outcome for students in the very worst of our schools that make no attempt whatsoever to help its pupils learn to think critically? Well, their kids learn to:
- Read and write
- Do math, at least through algebra
- Understand some level of history and geography
- Make friends and get along with others
- Establish independence from the parents
- Gain the qualifications for employment
What’s the alternative? Illiteracy? Social isolation? Child labor? Poverty? Neurotic sloth? Being a burden on society?
Is it a coincidence that the countries with the best educated children are the happiest, sanest and most productive nations on the planet?
If you’re a competent woman working at the highest echelon in the U.S. government, better start packing your bags.
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