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The Ministry of New and Renewable Energy connected Sunday (December 7, 2025) said it had not issued immoderate advisory to intermission oregon halt caller financing for the sector.
The clarification came aft Reuters reported connected Friday (December 5) that the Ministry had urged lenders to proceed dilatory successful financing caller star module plants due to the fact that proviso had exceeded demand.
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The New And Renewable Energy Ministry’s missive rattled star manufacturers successful the country, with galore raising concerns that the determination could choke financing for the full sector.
On Sunday (December 7), the Ministry said that it had asked the Finance Ministry to counsel lenders to follow a “calibrated and well-informed approach” erstwhile evaluating proposals for further standalone star photovoltaic module capacity, citing oversupply risks. It added that the advisory was not intended to halt backing for the full cleanable vigor sector.
“This broad-based caution, if applied without distinction, could wounded star compartment manufacturing,” said Chetan Shah, the president and managing manager of Solex Energy.
“Restricting financing present volition disrupt under-construction projects and deepen reliance connected imported cells,” helium said.
Several firms ramped up module production successful caller years, betting connected exports to the U.S. But higher American tariffs and tighter scrutiny of Indian shipments for Chinese-origin components person deed exports, raising fears of a glut astatine home.
India’s module capableness is projected to surge by a 3rd to 200 gigawatts (GW) successful the adjacent fewer years, portion compartment output could quadruple to 100 GW, according to the Ministry.
The Ministry remained committed to strengthening star manufacturing done argumentation enactment and infrastructure development, it said connected Sunday (December 7).
