Tag: MNRE
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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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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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MNRE Clarifies No Halt on Renewable Finance: Rediff Moneynews
MNRE clarifies it hasn’t advised financial institutions to halt lending to renewable energy projects or manufacturing. New Delhi, Dec 7 (PTI) The Ministry of New & Renewable Energy on Sunday clarified that it has not issued any advisory to financial institutions to stop lending to renewable energy projects or to RE equipment manufacturing facilities. This…