• MNRE has requested lenders to broaden financing beyond solar module units and include upstream segments such as solar cells, wafers, and polysilicon.
•  The ministry clarified it has not issued any advisory asking financial institutions to pause lending to renewable energy projects or equipment manufacturers.
•  MNRE shared detailed data on domestic manufacturing capacities across the solar PV value chain, including modules, cells, ingots-wafers, polysilicon, and ancillaries like solar glass and aluminium frames, with major lenders such as PFC, REC and IREDA.
•  The aim is to help lenders take informed decisions and encourage financing of upstream manufacturing to build a stronger, integrated domestic solar ecosystem.
• The ministry stressed the importance of boosting India’s self-reliance in solar manufacturing and positioning the country as a major global player.
• MNRE refuted reports claiming it had advised lenders to halt renewable financing, reiterating the government’s commitment to expanding renewable energy and domestic capability.
• India’s solar module capacity has grown significantly, from 2.3 GW in 2014 to 122 GW currently listed under ALMM, aided by policies like the PLI scheme and measures ensuring a level playing field.