While the U.S. and China both suffer from the oversupply of solar panels, it has spurred growth in energy capacity in India and Pakistan. Until China had resolved its production issues in 2022, India’s solar electricity generation had grown at a linear rate. Upon the supply glut, the growth turned exponential. Just this year, 71% of the energy capacity added by India was renewable, thanks in large part to the record low price of polysilicon.