India remains a solar power laggard

The recent takeover of the well-known German solar cell manufacturer, Q-Cells, by a less-known South Korean company, Hanwha, is symbolic of the trend that has been in evidence in the last couple of years — solar manufacturing shifting from the West to Asia. This trend has essentially been driven by Chinese companies and has had a disruptive effect on the market, causing around 40 companies in the US and Europe to shut shop.

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