India extends PM KUSUM commissioning deadline to March 2027
Change
India extended commissioning deadlines for PM KUSUM solar projects with power purchase agreements or letters of intent signed by December 31, 2025, to March 31, 2027.
Why it matters
States are now required to coordinate with banks to secure financial closure for delayed PM KUSUM projects, shifting lender engagement and approvals into a new timeline. The change forces administrative focus on loan extensions and project financing decisions that previously faced the March 31, 2026 deadline.
Implications
- • State renewable energy agencies must coordinate with banks to secure loan extensions and achieve financial closure.
- • PM KUSUM project developers must pursue bank consent and prioritise commissioning under the extended timeline.
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