The Ministry of New and Renewable Energy has clarified that it has not issued any advisory to pause or halt financing for renewable energy projects in India. This statement comes in response to recent reports suggesting that lending restrictions might be placed due to concerns about overcapacity in the renewable sector. The Ministry confirmed that no instructions have been given to banks or financial institutions to stop funding new renewable power projects or manufacturing facilities for renewable energy equipment.
The MNRE reaffirmed its strong commitment to building India’s renewable energy capacity and supporting the country’s solar manufacturing ecosystem. It stated that policies such as the Production Linked Incentive Scheme continue to play a major role in strengthening India’s position in the global solar value chain. The Ministry emphasized that the objective remains to create a self-reliant and globally competitive solar industry.
India is moving steadily toward its goal of achieving 500 GW of non-fossil fuel power capacity by 2030. As of October 2025, the country has already installed more than 200 GW of renewable energy capacity, which includes around 130 GW from solar alone. The Ministry stressed that it is focused on ensuring inclusive and sustainable growth to support long-term clean energy targets and national development goals.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
