In a recent statement, the Ministry of New and Renewable Energy reassured stakeholders that it has not ceased funding for renewable energy projects. Instead, it provided lenders with crucial data on domestic solar manufacturing capacity. This initiative is designed to empower smarter investment choices throughout the solar industry. An AI-generated image NEW DELHI: Ministry of new and renewable energy (MNRE) has said that it has not asked lenders to pause financing for renewable energy (RE) projects, amid concerns over excess domestic solar manufacturing capacity.In a statement issued on Sunday, MNRE said it has only shared the current status of domestic solar manufacturing capacity with the department of financial services and major renewable-energy lenders such as Power Finance Corporation, REC and Indian Renewable Energy Development Agency. The intent, it said, is to help institutions take a “calibrated, well-informed” approach while evaluating investments across the solar value chain.It added that India has already met 50% of its installed electricity capacity from non-fossil fuel sources, achieving the target five years ahead of its Nationally Determined Contributions under the Paris Agreement. As of October 31, the country’s non-fossil fuel capacity stands at 259 GW, with 31.2 GW added in the current financial year.The ministry emphasised that financing should not remain limited to module manufacturing, but also expand to upstream segments such as cells, ingots, wafers and polysilicon, along with ancillaries like solar glass and aluminium frames.The govt reiterated its commitment to making India self-reliant in solar PV manufacturing and strengthening its position in the global value chain. Supported by schemes such as the PLI for high-efficiency modules, India’s module manufacturing capacity has jumped from 2.3 GW in 2014 to 122 GW listed on the ALMM.MNRE said it will continue policy support, infrastructure development and stakeholder engagement to ensure India’s solar sector remains “inclusive, competitive and future-ready.”About the AuthorAtul MathurAtul Mathur, Deputy Metro Editor (Senior Assistant Editor), at The Times of India, has over 26 years of experience in journalism. Based in Delhi, he has extensively reported on governance, policy and politics, offering readers deeply researched, data-driven insights into the workings of the capital. Known for his in-depth investigative reporting and compelling human-interest narratives, Atul brings clarity and context to complex urban and civic issues.Read MoreEnd of ArticleFollow Us On Social MediaVideos’I Regret That…’: Congress MP Shashi Tharoor On No Invite To Rahul, Kharge For Putin DinnerGoa: 23 Killed In Arpora Nightclub Fire; Cylinder Blast Suspected, CM Sawant Vows Strict Action’Maligning Hindu Way Of Life’: PM Modi Calls Out Colonial Mindset Over ‘Hindu Rate Of Growth’ LabelUP CM Yogi Slams Parties ‘Insulting Babasaheb’s Legacy’, Announces Security For Ambedkar Statues’Engaging Atmosphere Reigned’: Shashi Tharoor After State Dinner With Russian President Putin’Sab Jagah Pohchenge’: Yogi Adityanath On What’s Next After Ram Temple, ‘Kashi-Mathura’ Slogan’Black Day’: Owaisi Targets Modi Govt, Questions Acquittals In Babri Masjid Demolition CasePutin Dinner Snub Triggers War of Word: Priyanka Chaturvedi Slams ‘Petty’ Politics, BJP Blasts RahulHow Russia May Open Central Asia For India As West Pushes Harder: Kugelman Explains The Power ShiftAviation Meltdown Escalates As IndiGo Cancels 400 Flights And Government Enforces Fare Controls123Photostories7 things kids teach parents unintentionally9 Lord Ganesha Mantra According To Your Date of BirthDipika Kakar recalls breaking down after liver cancer diagnosis and not being able to feed Ruhaan; says ‘Wanted to come back fine for my son’Short, modern and meaningful unisex baby namesKerala actress assault case: 8-year timeline of the trial; Dileep awaits verdict in historic courtroom battleHow to know if your heart is healthy: Simple checks you can do at home5 sleep secrets that transform student performance: What science really saysPowerful mythological names for babies born on SundayYour soul purpose as per your birth month; goosebumps guaranteed!Explore the other wild South: Tamil Nadu’s 6 little-known wildlife sanctuaries to visit123Hot PicksIndigo Flight DelayPutin India VisitWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingGautam GambhirThe God Slayer Release DateRohit SharmaCandace OwensAryna Sabalenka Net WorthTim PoolAaron RodgersVirat KohliNarela Girl Sexually AssaultedBengaluru News
NEW DELHI: Ministry of new and renewable energy (MNRE) has said that it has not asked lenders to pause financing for renewable energy (RE) projects, amid concerns over excess domestic solar manufacturing capacity.In a statement issued on Sunday, MNRE said it has only shared the current status of domestic solar manufacturing capacity with the department…
