ReNew Energy Global Plc (ReNew) reduced the prices of its solar modules and cells following the implementation of a lower GST slab effective September 22. The GST Council approved a rate cut on several items, including renewable energy products, reducing duty from 12% to 5%. The move aims to accelerate the country’s transition towards green power adoption.
Benefits Across Solar Segments
ReNew announced that the new price structure will deliver substantial savings for utility-scale developers, rooftop solar consumers, and farmers. The impact will be especially significant under flagship government schemes such as the PM Surya Ghar Muft Bijli Yojana and PM-KUSUM, enabling broader and more affordable access to clean energy solutions.
ReNew’s Vision for Mass Adoption
Sumant Sinha, Founder, Chairman and CEO of ReNew, stated, “As India’s largest integrated solar manufacturer, we believe this move will catalyze adoption across segments—from large-scale developers to rooftop consumers and farmers.” Sinha emphasized that the company’s proactive step will support India’s mission to expand renewable energy while reducing cost barriers for consumers.
Expanding Clean Energy Leadership
As reported by thehindubusinessline.com, with a clean energy portfolio of 18.2 GW as of August 13, 2025, ReNew is among the world’s largest renewable energy players. By passing on GST benefits to customers, the company is reinforcing its leadership role in making solar energy more accessible, affordable, and inclusive across India.
