Supply Chain Research

Total has announced a $2.5 billion investment in Adani Green Energy (AGEL) as the global oil major looks to improve its renewable energy footprint with a significant expansion in the Indian solar power sector. India’s imports of solar power equipment have been in decline with a 45.6% drop in 2019 versus the peak of 2017 while in 2020 imports fell by 34.4% year-to-date as of Oct. 31. That partly reflects the build out of domestic manufacturing capacity. Imports linked to AGEL have nonetheless scaled up recently, rising by 99.1% year-to-date after a surge in three months to Oct. 31 of 689%...