ENA Sectors 2025-12-08 16:52:35 <p><span style="font-size:14px"><strong>New Delhi, Dec 8 (KNN)</strong> The Ministry of New and Renewable Energy (MNRE) on Sunday clarified that it has not issued any advisory instructing financial institutions to stop lending for renewable energy (RE) projects or equipment manufacturing, following media reports suggesting otherwise.</span></p> <p><strong><span style="font-size:14px">Support for Solar Manufacturing Finance</span></strong></p> <p><span style="font-size:14px">The ministry shared detailed information on domestic solar PV manufacturing capacities.</span></p> <p><span style="font-size:14px">This data spans all segments of solar manufacturing, including modules, upstream components (solar cells, ingots, wafers, polysilicon), and ancillary equipment like solar glass and aluminium frames.</span></p> <p><strong><span style="font-size:14px">Commitment to Self-Reliance and Global Leadership</span></strong></p> <p><span style="font-size:14px">The Ministry reiterated the governments commitment to making India self-reliant in solar PV manufacturing and a key player in the global solar value chain. Support mechanisms include the Production Linked Incentive (PLI) Scheme for High Efficiency Solar PV Modules and policies ensuring a level playing field for domestic manufacturers.</span></p> <p><strong><span style="font-size:14px">Growth in Solar Capacity</span></strong></p> <p><span style="font-size:14px">Indias solar manufacturing capacity has grown significantly, from 2.3 GW in 2014 to around 122 GW today, according to MNREs Approved List of Models and Manufacturers (ALMM).</span></p> <p><span style="font-size:14px">The ministry highlighted that this growth reflects coordinated efforts by the industry, state governments, and the central government, reinforcing Indias goal of achieving 500 GW of non-fossil fuel capacity by 2030 and contributing to global decarbonisation efforts.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 44347 https://knnindia.co.in/news/newsdetails/sectors/mnre-clarifies-no-advisory-issued-to-halt-financing-for-renewable-energy-projects 2025-12-08 16:52:35 knnindia.co.in