MNRE Flags Solar Module Glut, Asks Lenders to Fund Upstream Manufacturing
The ministry said lenders should fund cell, ingot, wafer, and polysilicon production
December 5, 2025
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In a move that could reshape India’s solar manufacturing, the Ministry of New and Renewable Energy (MNRE) has asked the Department of Financial Services to advise banks, financial institutions, and non-banking financial companies to adopt a cautious approach while financing new standalone solar module manufacturing capacity.
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Arjun Joshi
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