Solar capacities info shared with funding agencies

The Ministry of New and Renewable Energy on Sunday said it has shared with the Department of Financial Services and non-banking financial institutions such as PFC, REC, and IREDA the status of current capacities across various segments of solar PV manufacturing. The aim is to help financial institutions adopt a calibrated and well-informed approach when evaluating project financing proposals.

The ministry said the move will enable financiers to explore and expand their solar PV manufacturing portfolio into upstream segments like solar cells, ingots-wafers, and polysilicon, as well as solar module ancillaries such as solar glass and aluminium frames, instead of being limited to financing only solar PV module manufacturing facilities.