India's Solar Manufacturing Ecosystem Strengthens Amid Clarified MNRE Advisory

The Ministry of New and Renewable Energy (MNRE) of India has clarified that no advisory has been issued to halt financing for new renewable energy projects amid reported concerns of overcapacity. India, having achieved 50% of its electricity capacity from non-fossil fuel sources, aims to further strengthen its solar manufacturing ecosystem. With initiatives like the PLI Scheme, India is expanding its solar module manufacturing capacity, contributing to global decarbonization efforts and aiming for self-reliance by 2030.

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