India's Clean Energy Manufacturers Eye UK's $20 Billion Market
India's renewable energy sector is expanding its global footprint, with manufacturers of wind turbines and solar modules targeting the UK's burgeoning $20 billion clean energy market. This strategic move aligns with the UK's ambitious goals to significantly enhance its renewable energy capacity by 2030. Wind Energy Expansion: The UK aims to quadruple its offshore wind capacity to 60 GW by 2030. Siemens Energy has emphasized the need for long-term policy clarity to support this growth, highlighting the importance of a robust domestic supply chain to meet the increasing demand for wind turbine components. The Times +1 Wikipedia +1 Solar Energy Growth: The UK government has set a target to triple solar power capacity to 47 GW by the end of the decade. Companies like Octopus Energy are investing heavily in solar projects, with plans to add 222 MW of capacity through recent acquisitions. Additionally, the Labour government has increased the budget fo...
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