Overview
- MNRE stated it has issued no advisory asking banks or NBFCs to stop lending to renewable power projects or equipment manufacturers.
- The ministry shared updated domestic solar PV manufacturing-capacity data with the Department of Financial Services as well as PFC, REC and IREDA.
- Officials said the information is intended to encourage financing beyond modules into upstream stages such as cells, wafers, polysilicon and related ancillaries.
- The government reaffirmed policy support, highlighting the Production Linked Incentive scheme and efforts to build a competitive, self-reliant solar value chain.
- India reports about 259 GW of non-fossil installed capacity and around 122 GW of listed solar module capacity, with a target of 500 GW non-fossil capacity by 2030.