Centre denies issuing advisory to halt new clean energy financing

Contributing sentiments towards policy:

58% : India's module capacity is projected to surge by a third to 200 gigawatts (GW) in the next few years, while cell output could quadruple to 100 GW, according to the clean energy ministry.
53% : On Sunday, the Ministry of New and Renewable Energy said that it had asked the finance ministry to advise lenders to adopt a "calibrated and well-informed approach" when evaluating proposals for additional standalone solar photovoltaic module capacity, citing oversupply risks.
52% : Also Read C&I RE capacity may rise to 60-80 GW by 2030, says MNRE secretary Commercial & Industrial renewable capacity to hit 60-80 GW by 2030 Strains in Australian met coal supply raise energy risks for India: Report As India transitions to clean energy, it must empower states for task India to become fastest-growing renewable energy market by 2030: WEF "Restricting financing now will disrupt under-construction projects and deepen reliance on imported cells," he said.
49% : It added that the advisory was not intended to stop funding for the entire clean energy sector.
48% : The clean energy ministry's letter rattled solar manufacturers in the country, with many raising concerns that the move could choke financing for the entire sector.
43% : India's clean energy ministry on Sunday said it had not issued any advisory to pause or halt new financing for the sector.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.