The race for green energy is fully on in parts of Asia. India, driven by soaring electricity demand and a push to reduce reliance on China, is rapidly producing solar panels, fuelling a booming yet uncertain market, which some fear shows signs of overcapacity.

At the Adani Group's factory in Mundra, in India's western state of Gujarat, assembly lines churn out photovoltaic (PV) panels around the clock.

Up to 10,000 a day come off the line, with most sent straight to Khavda, further north, where the Indian conglomerate is finishing what will be the world's largest solar park.

But Adani Solar's CEO, Muralee Krishnan, says operations are "actually lagging."

"Our capacity needs to be fully u

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