Overview
- MNRE clarified it issued no advisory asking banks or financial institutions to stop lending to renewable power projects or green equipment manufacturers.
- The ministry said it circulated current domestic solar PV manufacturing capacity data to the Department of Financial Services and lenders including PFC, REC and IREDA.
- The information spans modules, cells, ingots and wafers, polysilicon and key ancillaries such as solar glass and aluminium frames to support better-informed financing decisions.
- Officials said the goal is a calibrated approach that expands lending beyond module plants into upstream and ancillary segments, aligning with the PLI scheme for high-efficiency modules.
- MNRE highlighted sector momentum with solar module capacity rising from 2.3 GW in 2014 to about 122 GW on the ALMM, non-fossil capacity reaching roughly 259 GW as of October 31, 2025, and a 500 GW by 2030 target.