MNRE says it issued no advisory to halt renewable energy lending; non-fossil capacity at 259 GW
The Ministry of New and Renewable Energy (MNRE) clarified on 7 December 2025 that it had not asked lenders to stop financing renewable energy projects or manufacturing, and said India's non-fossil installed capacity stood at about 259 GW.
Summary
The Ministry of New and Renewable Energy (MNRE) clarified on 7 December 2025 that it had not issued any advisory to financial institutions to stop lending to renewable energy power projects or equipment manufacturing. The MNRE said it had only shared data on domestic solar PV manufacturing capacity with the Department of Financial Services and with PFC, REC and IREDA so that they take a calibrated approach to new manufacturing loans. MNRE also said India's non-fossil installed capacity was about 259 GW as of 31 October 2025, meeting the 50% non-fossil share target five years ahead of its Paris Agreement NDC.
Key facts
- Date
- 7 December 2025
- Clarification
- No advisory to halt RE lending
- Data shared with
- DFS, PFC, REC, IREDA
- Non-fossil capacity
- About 259 GW (31 Oct 2025)
- Milestone
- 50% non-fossil share, five years ahead of NDC target
Practice MCQs 3 questions
As per MNRE's statement of 7 December 2025, what was India's installed non-fossil power capacity as of 31 October 2025?
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Correct answer: C — About 259 GW
PIB 2199964: installed capacity from non-fossil sources stood at about 259 GW as of 31 October 2025.
India achieved 50% of its installed electricity capacity from non-fossil sources ahead of the target under which framework, as stated by MNRE in December 2025?
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Correct answer: D — Nationally Determined Contributions under the Paris Agreement
PIB 2199964: India achieved 50% non-fossil installed capacity five years ahead of the target set under its Nationally Determined Contributions to the Paris Agreement.
With which institutions did MNRE share data on domestic solar PV manufacturing capacity, as clarified on 7 December 2025?
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Correct answer: B — DFS, PFC, REC and IREDA
PIB 2199964: MNRE circulated the status of domestic solar PV manufacturing capacities to the Department of Financial Services and NBFCs PFC, REC and IREDA.