Denying reports of issuing any advisory to lenders to pause fresh financing to renewable energy projects amid significant overcapacity concerns, the Ministry of New & Renewable Energy (MNRE) has clarified that no such advisory has been issued to financial institutions for stopping lending to either renewable energy power projects or renewable energy equipment manufacturing facilities.

However, MNRE has circulated the status of present installed domestic manufacturing capacities across various sectors of solar PV manufacturing to the Department of Financial Services (DFS) and NBFCs like PFC, REC, and IREDA. Sectors of solar PV manufacturing include solar modules as well as upstream stages like solar cells, ingots-wafers, polysilicon, as well as ancillary equipment like solar glass and al

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