Govt clarifies on solar financing after oversupply concerns; Ministry says no lending freeze

The Ministry of New & Renewable Energy (MNRE) on Sunday dismissed reports suggesting that it has asked financial institutions to pause fresh lending to renewable energy projects.

The clarification comes amid concerns of oversupply in India’s solar photovoltaic (PV) module industry and follows earlier communication urging lenders to take a cautious view on financing new, standalone module manufacturing capacity.