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India’s solar manufacturing excesses turn a boom into a glut
India's solar manufacturing sector faces a "structural glut" after a 13-fold capacity increase since 2020, now exceeding domestic demand. This surge has led to reduced capacity utilisation at module-assembly plants, prompting banks to advise caution and manufacturers to scale back lower-value output.
India's solar manufacturing sector faces a "structural glut" after a 13-fold capacity increase since 2020, now exceeding domestic demand. This surge has led to reduced capacity utilisation at module-assembly plants, prompting banks to advise caution and manufacturers to scale back lower-value output.
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