The solar module manufacturing in India is nearing the point of unsustainable overcapacity, which will lead to consolidation in the Indian solar industry supply chain, analysts say. Overcapacity and newer and better technologies will squeeze smaller firms out of the market and result in consolidation over the next three to five years, analysts at Indian rating agency ICRA, an affiliate of Moody’s, said on Thursday, as quoted by Reuters. The overcapacity could be as much as three times higher than solar installations, according to the…