India’s clean energy ministry, a New Delhi-based federal policy body, has cautioned lenders about financing new solar module units. The ministry has highlighted slowing domestic demand affecting overall project installations across India. Several Indian manufacturers, a group of domestic solar-equipment producers, has expanded capacity for expected US exports. These exports were constrained by higher US tariffs and scrutiny on China-linked components. The clean energy ministry has stated that India’s module capacity could reach 200 GW soon. The ministry also noted that cell capacity could rise to 100 GW nationally. These projections have created concerns about oversupply risks in local solar markets. The ministry has advised lenders to prioritise integrated ingot-to-module facilities for future proposals. The ministry also cited the AllIndia Solar Industries Association, an advocacy group, which has warned lenders about unviable standalone projects.