Trump has pledged to stop renewable projects on “day one” of his office & impose protectionist policies. This will adversely affect Cos like Waaree Energies, Adani Green, Kaynes Tech, Olectra, Websol Energy etc which import solar cells from China & export solar modules to the US
This shift could impact Indian exporters of solar and renewable energy equipment,” he says while predicting that the major effects will be felt over the medium term, within three to four years, though “the short-term impact is expected to be minimal," Rupesh Sankhe, Senior Analyst at Elara Capital told Moneycontrol.
Analyst believes that some Indian companies, like Waaree, have a US export component in their revenue and may need to adjust their expansion plans if the US prioritises domestic manufacturing.