Tag: Financing
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MNRE Rejects Advisory to Halt Clean Energy Financing
The Ministry of New and Renewable Energy (MNRE) has categorically denied asking lenders to slow down or stop funding renewable energy projects, countering media reports about a supposed pause in financing due to oversupply risks. The reports had surfaced following an office memorandum dated November 28 from MNRE that called for Prudence in Lending for…
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Renewable Energy Ministry Clarifies No Lender Advisory Issued for Solar Financing
The Ministry of New and Renewable Energy (MNRE) on Sunday dismissed reports suggesting it had asked lenders to halt financing for renewable energy projects, saying no such advisory has been issued to financial institutions, PTI reported.In a statement, the ministry said it has not directed banks or other lenders to stop extending loans to renewable…
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IMF Prioritizes Rapid Financing for Sri Lanka After Ditwah
Colombo: Sri Lanka’s request for a Rapid Finance Instrument is being considered as a priority by the IMF in view of the recovery efforts after the devastating cyclone Ditwah, the global lender said Sunday. Catastrophic floods and landslides following Cyclone Ditwah have left Sri Lanka grappling with severe infrastructure collapse as search operations continue for…
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MNRE Refutes Claims of Suspension in Green Energy Financing Due to Overcapacity Issues
New Delhi: Amid significant overcapacity concerns that India is facing, the Ministry of New & renewable Energy (MNRE) on Sunday dismissed the reports of issuing any advisory to lenders to pause fresh financing to renewable energy projects. The ministry, however, called for calibrated and well-informed financing across the solar manufacturing ecosystem to drive sustainable industry…
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MNRE Confirms Ongoing Financing Support
New Delhi: India has achieved a significant clean energy milestone, reaching 50% of its installed electricity capacity from non-fossil fuel sources, five years ahead of its 2030 target set under the Paris Agreement’s Nationally Determined Contributions (NDCs). As of October 31, 2025, the total installed non-fossil capacity stands at approximately 259 GW, with 31.2 GW…
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Government Clarifies: No Advisory on Halting New Green Energy Project Financing
The Union Ministry of New and Renewable Energy (MNRE) on Sunday clarified that it has not issued any advisory to Financial Institutions for stopping lending to either renewable energy power projects or to renewable energy equipment manufacturing facilities, as has been reported in some sections of the media. However, MNRE has circulated to the Department…
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Union Ministry Clarifies Misconceptions on Financing Status
News Desk 07 December 2025, 02:24 PM IST MNRE confirms no advisory to stop financing renewable energy projects; government reiterates its commitment to India’s solar manufacturing expansion. Representational Image New Delhi: The Union Ministry of New and Renewable Energy (MNRE) on Sunday clarified that the government has not issued any advisory directing Financial Institutions to…
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Centre Refutes Claims of Advisory to Curb New Clean Energy Financing
India’s clean energy ministry on Sunday said it had not issued any advisory to pause or halt new financing for the sector. The clarification came after Reuters reported on Friday that the ministry had urged lenders to proceed slowly in financing new solar module plants because supply had exceeded demand. The clean energy ministry’s letter…
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Government Affirms Ongoing Support for Renewable Energy Financing
The Ministry of New and Renewable Energy on Sunday moved to dispel speculation regarding restrictions on financial support for renewable energy initiatives, mentioning that no directive has been issued to halt lending for green energy ventures. India’s renewable energy sector continues its robust expansion, with non-fossil fuel sources now accounting for half of the nation’s…
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Exploring Innovative Financing Solutions for Infrastructure Amid Populist Financial Strain
From farm loan waiver to increasing the monthly allowance under the Majhi Ladki Bahin Yojana, the light purse of the ruling Mahayuti government is holding it from fulfilling its poll promises in the first year of its governance. The financial constraints have forced the government to adopt innovative means to finance large infrastructure projects such…