Indian companies are moving to fill the gap left by the exclusion of Chinese exports from the fast-growing US solar industry, as Washington steps up its crackdown on manufacturers with ties to Beijing.
Sumant Sinha, chief executive of ReNew, among India’s largest renewables companies, told the Financial Times that there “will be demand” for solar components from India as Washington reduces reliance on Chinese supplies for its energy transition.
“There is a need for some diversification, and India can actually become that plus one to China as far as the green tech supply chain is concerned,” Sinha said.
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