Renewable Energy Archives - Fuels of the Future Conference 2025 https://fuelsofthefuture.com/tag/renewable-energy/ Unlocking Business Opportunities | Navigating Energy Transition Mon, 13 Oct 2025 05:36:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://fuelsofthefuture.com/wp-content/uploads/2025/03/cropped-Untitled-design-2025-03-04T102518.205-32x32.png Renewable Energy Archives - Fuels of the Future Conference 2025 https://fuelsofthefuture.com/tag/renewable-energy/ 32 32 Saatvik Green Energy to Invest ₹31.5 Billion in Odisha Solar Manufacturing Facility https://fuelsofthefuture.com/2025/10/13/saatvik-green-energy-to-invest-%e2%82%b931-5-billion-in-odisha-solar-manufacturing-facility/ https://fuelsofthefuture.com/2025/10/13/saatvik-green-energy-to-invest-%e2%82%b931-5-billion-in-odisha-solar-manufacturing-facility/#respond Mon, 13 Oct 2025 05:36:42 +0000 https://fuelsofthefuture.com/?p=2252 Saatvik Green Energy, has announced plans to invest ₹31.5 billion in establishing a large-scale solar manufacturing facility in Odisha. The announcement was made following the signing of a memorandum of understanding (MoU) with the Odisha government on October 10, 2025.

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Saatvik Green Energy, one of India’s leading solar module manufacturers, has announced plans to invest ₹31.5 billion in establishing a large-scale solar manufacturing facility in Odisha. The announcement was made following the signing of a memorandum of understanding (MoU) with the Odisha government on October 10, 2025.

The upcoming facility will be located in Khordha district and is expected to create significant employment opportunities while strengthening India’s domestic solar manufacturing ecosystem. Saatvik Green Energy aims to develop a fully integrated plant, covering wafer, cell, and module production, with an initial capacity of 2 GW, scalable in subsequent phases based on market demand and policy support.

According to company officials, the investment aligns with India’s national goal of achieving 500 GW of renewable energy capacity by 2030 and supports the government’s Atmanirbhar Bharat initiative to reduce dependence on imported solar equipment. Odisha, with its growing industrial infrastructure and renewable-friendly policies, is emerging as a strategic hub for clean energy investment.

Saatvik’s new facility will not only boost local manufacturing but also contribute to India’s export potential in solar components. The project’s construction is expected to begin in early 2026, with commercial operations targeted within two years.

This move follows a broader industry trend of accelerating domestic solar manufacturing, driven by production-linked incentives (PLI) and rising global demand for sustainable energy solutions.

Once operational, the plant is expected to play a pivotal role in enhancing India’s solar supply chain resilience and supporting the country’s transition toward a greener, more self-reliant energy future.

Source: PowerLine.com

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Ceigall India Shares Jump 5% After ₹712 Crore Solar Power Project Win https://fuelsofthefuture.com/2025/10/06/ceigall-india-shares-jump-5-after-%e2%82%b9712-crore-solar-power-project-win/ https://fuelsofthefuture.com/2025/10/06/ceigall-india-shares-jump-5-after-%e2%82%b9712-crore-solar-power-project-win/#respond Mon, 06 Oct 2025 06:17:48 +0000 https://fuelsofthefuture.com/?p=2248 Ceigall India Ltd’s shares surged nearly 5% on Monday, after the company announced securing a ₹712-crore solar power project. The rally came as investors cheered the firm’s growing presence in the renewable energy sector and its efforts to diversify beyond traditional infrastructure projects. According to an exchange filing, Ceigall India bagged the Engineering, Procurement, and Construction (EPC)contract for a large-scale solar power project.

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Ceigall India Ltd’s shares surged nearly 5% on Monday, after the company announced securing a ₹712-crore solar power project. The rally came as investors cheered the firm’s growing presence in the renewable energy sector and its efforts to diversify beyond traditional infrastructure projects.

According to an exchange filing, Ceigall India bagged the Engineering, Procurement, and Construction (EPC)contract for a large-scale solar power project. The development marks a major step in the company’s push toward sustainable and clean-energy initiatives, aligning with India’s broader renewable energy goals.

Ceigall India, known primarily for its road and highway projects, has been expanding into green energy and power generation segments. The latest project reinforces its strategic shift and positions the company to capture a share of India’s fast-growing solar market, which continues to attract record investments due to supportive government policies and rising corporate demand for clean power.

Market analysts said the order win not only boosts Ceigall’s revenue visibility for the coming quarters but also improves investor sentiment toward the stock. “The project win underscores Ceigall’s execution strength and growing foothold in the renewable energy EPC space,” said one analyst.

With the company now diversifying its portfolio, Ceigall India’s renewable segment could become a key growth driver. The broader solar sector remains buoyed by India’s push to achieve 500 GW of non-fossil fuel capacity by 2030, making Ceigall’s latest milestone a timely and strategic expansion.

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India-Japan Semiconductor and Green Energy Collaboration https://fuelsofthefuture.com/2025/09/24/india-japan-semiconductor-and-green-energy-collaboration/ https://fuelsofthefuture.com/2025/09/24/india-japan-semiconductor-and-green-energy-collaboration/#respond Wed, 24 Sep 2025 06:45:55 +0000 https://fuelsofthefuture.com/?p=2237 India and Japan are rapidly expanding cooperation in semiconductors and green energy.
New projects and multibillion-dollar investments aim at supply chain resilience and clean transitions.
Japan’s technology and capital complement India’s drive for self-reliance and sustainability.
Despite political uncertainty in Tokyo, the partnership’s institutional base ensures continuity.

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The India-Japan partnership has entered a new phase of cooperation in semiconductor manufacturing and green energy, marked by major investments, bilateral agreements, and technology collaborations. Prime Minister Narendra Modi’s August 2025 visit to Japan has set the stage for long-term strategic cooperation in these sectors.

Semiconductor Expansion in India

India’s semiconductor sector is witnessing rapid growth. In August 2025, the government approved four additional projects, raising the total to 10 initiatives worth $18.23 billion. These projects span Odisha, Punjab, Andhra Pradesh, Gujarat, and Assam, focusing on chip fabrication, 3D packaging, compound semiconductors, and outsourced semiconductor assembly and testing (OSAT).

Japan’s role in this expansion is significant. During Modi’s Tokyo visit, Japanese investment commitments were doubled to nearly 10 trillion yen ($68 billion) over the next decade. Partnerships are underway, with Renesas Electronicsadvancing an OSAT facility in Gujarat and Panasonic supplying materials for joint ventures. On September 2, India unveiled its first domestically manufactured semiconductor chip at the SEMICON conference, with commercial readiness expected by the end of 2025. Meanwhile, Tokyo Electron has opened a new development hub in Bengaluru to support joint research and equipment design.

Green Energy Collaboration

The partnership also extends to clean energy, with sectoral working groups aligning on hydrogen production, renewable energy integration, and regulatory standards. The cooperation highlights shared priorities in cutting carbon emissions while opening new avenues for industrial growth and sustainable technology adoption.

Political Context in Japan

Amid speculation over Japanese Prime Minister Ishiba’s possible resignation, questions have arisen about the continuity of commitments. However, analysts note that the partnership is anchored in formal frameworks and multiyear agreements, including the India-Japan Dialogue on Economic Security, ensuring stability beyond leadership changes.

Looking Ahead

By strengthening supply chain resilience in semiconductors and advancing renewable energy initiatives, India and Japan are positioning themselves as key players in Asia’s technology and energy transformation. Despite political uncertainties, the institutional depth of the relationship suggests the cooperation will remain on track, shaping the future of the Indo-Pacific economy.

Source: www.indianarrative.com

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PM Modi Inaugurates Avaada Group’s 280 MW Solar Power Project in Gujarat https://fuelsofthefuture.com/2025/09/22/pm-modi-inaugurates-avaada-groups-280-mw-solar-power-project-in-gujarat/ https://fuelsofthefuture.com/2025/09/22/pm-modi-inaugurates-avaada-groups-280-mw-solar-power-project-in-gujarat/#respond Mon, 22 Sep 2025 04:59:17 +0000 https://fuelsofthefuture.com/?p=2232 Prime Minister Narendra Modi recently inaugurated the Avaada Group’s 280 MW solar power project in Gujarat, underscoring India’s continued commitment to expanding its renewable energy infrastructure. The project, situated on the outskirts of Gujarat, is one of the largest private-sector solar initiatives in the state and reflects the growing momentum of India’s clean energy transition.

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Prime Minister Narendra Modi recently inaugurated the Avaada Group’s 280 MW solar power project in Gujarat, underscoring India’s continued commitment to expanding its renewable energy infrastructure. The project, situated on the outskirts of Gujarat, is one of the largest private-sector solar initiatives in the state and reflects the growing momentum of India’s clean energy transition.

During the inauguration, PM Modi emphasized the strategic importance of renewable energy in addressing climate change and reducing dependence on conventional fossil fuels. He highlighted how large-scale solar projects like this not only contribute to India’s energy security but also strengthen the country’s position in the global renewable energy landscape.

The Avaada Group’s project employs state-of-the-art solar technology designed to maximize energy efficiency and long-term sustainability. The plant is expected to generate a significant volume of clean electricity annually, supplying power to thousands of households and industries, thereby reducing carbon emissions substantially.

Beyond energy generation, the project promises substantial socio-economic benefits. Officials noted that it will create local employment opportunities during both the construction and operational phases. Furthermore, the initiative is intended to empower surrounding communities through skill development programs and infrastructure support, fostering regional development in tandem with India’s clean energy goals.

The inauguration ceremony also highlighted the collaborative nature of the project, with government agencies and private sector stakeholders working together to implement cutting-edge solar technology. The project aligns closely with India’s broader climate and sustainability objectives, including the ambitious targets for net-zero emissions by 2070.

Experts have called the 280 MW solar plant a “benchmark project” in renewable energy deployment, demonstrating how private investments can complement national policies to achieve large-scale sustainability outcomes. The facility is expected to serve as a model for future solar initiatives, showcasing how technology, community engagement, and government support can converge to create impactful green energy solutions.

With this project, Gujarat continues to reinforce its reputation as a hub for renewable energy development, attracting further investments in solar, wind, and other green energy technologies. The Avaada solar power plant stands as a significant step in India’s journey toward a cleaner, more sustainable energy future.

Source: Energetica India

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Hydrogen power plant to be set up on Bengaluru outskirts https://fuelsofthefuture.com/2025/09/19/hydrogen-power-plant-to-be-set-up-on-bengaluru-outskirts/ https://fuelsofthefuture.com/2025/09/19/hydrogen-power-plant-to-be-set-up-on-bengaluru-outskirts/#respond Fri, 19 Sep 2025 09:30:22 +0000 https://fuelsofthefuture.com/?p=2228 Bengaluru will soon have a hydrogen power plant on its outskirts, with the state government giving the green signal for the project.

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Bengaluru will soon have a hydrogen power plant on its outskirts, with the state government giving the green signal for the project. The plant, which is expected to be the first of its kind in Karnataka, will be developed in collaboration with private players to promote clean and renewable energy.

Officials said the project is aimed at reducing carbon emissions and dependence on conventional fossil fuels. The initiative is also expected to generate new employment opportunities and boost the state’s green energy capacity.

According to sources, land has already been identified for the project, and work is likely to begin in the coming months. The government believes the hydrogen power plant will play a crucial role in achieving Karnataka’s renewable energy targets and contribute to the nation’s overall sustainability goals.

Source: www.newindianexpress.com

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Jakson Group to Invest ₹100 Cr in Distributed Energy, Eyes $1 Billion Revenue by 2030 https://fuelsofthefuture.com/2025/09/18/jakson-group-to-invest-%e2%82%b9100-cr-in-distributed-energy-eyes-1-billion-revenue-by-2030/ https://fuelsofthefuture.com/2025/09/18/jakson-group-to-invest-%e2%82%b9100-cr-in-distributed-energy-eyes-1-billion-revenue-by-2030/#respond Thu, 18 Sep 2025 11:31:47 +0000 https://fuelsofthefuture.com/?p=2225 Jakson Group, one of India’s leading names in the energy sector, has announced a major investment of ₹100 crore in its distributed energy business. The move reflects India’s growing shift towards clean energy solutions while complementing traditional oil & gas and bitumen markets that continue to drive infrastructure.

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Jakson Group, one of India’s leading names in the energy sector, has announced a major investment of ₹100 crore in its distributed energy business. The move reflects India’s growing shift towards clean energy solutions while complementing traditional oil & gas and bitumen markets that continue to drive infrastructure.

The new investment will accelerate projects in solar rooftops, hybrid power systems, battery energy storage (BESS), and genset-based solutions, offering industries and commercial users cost-efficient and sustainable energy options.

With this strategy, Jakson is positioning itself to reach $1 billion in revenue by 2030, tapping into the rising demand for decentralized and reliable energy systems. The group highlighted that distributed energy will play a key role in supporting India’s net-zero ambitions, ensuring resilient power supply alongside conventional energy sources.

For stakeholders in the oil, gas, and bitumen industries, this development signals a broader transformation in India’s energy mix, where conventional fuels continue to be critical but are increasingly complemented by renewable and distributed energy technologies.

Jakson’s bold investment reinforces its long-term vision of innovation, sustainability, and leadership in India’s evolving energy landscape.

Source: energy.economictimes.indiatimes.com

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Maharashtra Cabinet Approves Joint Venture for 5000 MW Capacity Renewable Energy Project https://fuelsofthefuture.com/2025/09/17/maharashtra-cabinet-approves-joint-venture-for-5000-mw-capacity-renewable-energy-project/ https://fuelsofthefuture.com/2025/09/17/maharashtra-cabinet-approves-joint-venture-for-5000-mw-capacity-renewable-energy-project/#respond Wed, 17 Sep 2025 10:27:16 +0000 https://fuelsofthefuture.com/?p=2221 Mumbai: The state cabinet, headed by Chief Minister Devendra Fadnavis, approved the establishment of a joint venture company between Maharashtra State Power Generation Company (Mahagenco) and Satluj Jal Vidyut Nigam Limited for a 5000 MW renewable energy project on Tuesday.

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Mumbai: The state cabinet, headed by Chief Minister Devendra Fadnavis, approved the establishment of a joint venture company between Maharashtra State Power Generation Company (Mahagenco) and Satluj Jal Vidyut Nigam Limited for a 5000 MW renewable energy project on Tuesday.

A senior Mantralaya official stated, “The central govt has set a target to bring carbon emissions to zero by 2070. For this, the state govt has set targets to generate 50% energy through renewable energy sources by 2030 and 75% by 2047.”

A memorandum of understanding was already signed on June 14, 2023, between Mahagenco and Satluj Jal Vidyut Nigam Limited to develop renewable energy generation projects. According to this agreement, the development of various renewable energy projects in the state, including pumped storage hydroelectric projects, green hydrogen with solar-wind hybrid, and floating solar projects, is included. All these projects have a total capacity of 5000 MW.

The official further stated, “The establishment of a joint venture company for this was approved by the state cabinet on Tuesday. Satluj Vidyut Nigam Limited will have 51% and Mahagenco will have 49% equity.”

Through this joint company, in the first phase, projects with a total capacity of 735 MW will be developed, including the Ghatghar Phase-2 pumped storage hydroelectric project (125 MW), Irai floating solar energy project (105 MW), and Nimnawardha floating solar energy project (505 MW).

Reference : https://timesofindia.indiatimes.com/city/mumbai/maharashtra-cabinet-approves-joint-venture-for-5000-mw-capacity-renewable-energy-project/articleshow/123925535.cms?utm_

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India to achieve 5 million metric tonnes green hydrogen production by 2030: Pralhad Joshi https://fuelsofthefuture.com/2025/09/16/india-to-achieve-5-million-metric-tonnes-green-hydrogen-production-by-2030-pralhad-joshi/ https://fuelsofthefuture.com/2025/09/16/india-to-achieve-5-million-metric-tonnes-green-hydrogen-production-by-2030-pralhad-joshi/#respond Tue, 16 Sep 2025 08:57:54 +0000 https://fuelsofthefuture.com/?p=2211 Union Minister Pralhad Joshi has reaffirmed India’s commitment to renewable energy, stating that the country is making significant progress toward its ambitious target of producing 5 million metric tonnes of green hydrogen annually by 2030.

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Union Minister Pralhad Joshi has reaffirmed India’s commitment to renewable energy, stating that the country is making significant progress toward its ambitious target of producing 5 million metric tonnes of green hydrogen annually by 2030.

Speaking at the Panchjanya Infra Confluence 2025, Joshi emphasized Prime Minister Narendra Modi’s approach to goal-setting, noting that the PM never opts for easily achievable targets.

“The Hon’ble Prime Minister does not set easy goals for himself or for us. He believes in setting ambitious targets that push us to strive harder. In the renewable energy sector, too, he has laid out a bold vision—and we have already achieved 50 percent of that goal,” Joshi said.

He confirmed that India is “firmly on course” to achieving the green hydrogen production target by 2030.

Joshi, who also serves as the Union Minister of New and Renewable Energy, had earlier addressed the Annual Green Hydrogen R&D Conference, reiterating the importance of the National Green Hydrogen Mission (NGHM). Launched in 2023, the NGHM aims to position India as a global hub for green hydrogen and is seen as a key pillar in the country’s energy transition.

With an outlay of ₹19,744 crore, the Mission is built on four core pillars:

  • Policy and regulatory framework
  • Demand creation
  • R&D and innovation
  • Enabling infrastructure

As part of the mission, dedicated hydrogen hubs are being developed at Kandla, Paradip, and Tuticorin ports to boost India’s export potential. Major corporations like NTPC, Reliance, and Indian Oil Corporation, along with numerous start-ups and MSMEs, are investing heavily to build a strong hydrogen value chain, expected to generate lakhs of new jobs.

The NGHM’s targets include:

  • 5 million metric tonnes of annual green hydrogen production by 2030
  • 125 GW of additional renewable energy capacity
  • ₹8 lakh crore in investments
  • 6 lakh new jobs
  • 50 million tonnes of annual CO₂ emissions reduction

India recently achieved a key milestone in its energy transition by reaching 50% of installed electricity capacity from non-fossil fuel sources—five years ahead of the timeline set under its Nationally Determined Contributions (NDCs) to the Paris Agreement.

As the nation moves toward its broader target of 500 GW of non-fossil capacity by 2030 and net-zero emissions by 2070, Joshi highlighted India’s bold, inclusive, and technology-driven approach to sustainable development.

In a broader context of welfare delivery, Joshi—who is also the Union Minister for Consumer Affairs, Food and Public Distribution—noted that the government is currently providing 44 lakh tonnes of foodgrains every month to 81 crore eligible beneficiaries across the country.

Reference : https://bioenergytimes.com/india-to-achieve-5-million-metric-tonnes-green-hydrogen-production-by-2030-pralhad-joshi/

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PM Modi Inaugurates World’s First Bamboo-Based Bioethanol Plant in Assam to Boost Green Energy and Self-Reliance https://fuelsofthefuture.com/2025/09/15/pm-modi-inaugurates-worlds-first-bamboo-based-bioethanol-plant-in-assam-to-boost-green-energy-and-self-reliance/ https://fuelsofthefuture.com/2025/09/15/pm-modi-inaugurates-worlds-first-bamboo-based-bioethanol-plant-in-assam-to-boost-green-energy-and-self-reliance/#respond Mon, 15 Sep 2025 09:52:06 +0000 https://fuelsofthefuture.com/?p=2207 Prime Minister Narendra Modi inaugurated the world's first second-generation bioethanol plant in Assam, aiming to reduce India's dependence on imported crude oil and promote green energy. The bamboo-based plant, along with a new polypropylene plant, is part of an Rs 18,000 crore initiative to boost the region's industrial sector and support local farmers, fostering self-reliance in energy requirements.

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Guwahati: In an effort to reduce India’s reliance on imported crude oil and promote green energy, PM Narendra Modi on Sunday inaugurated world’s first second-generation bioethanol plant at Numaligarh Refinery Limited (NRL) in Assam’s Golaghat district.

This plant, valued at Rs 5,000 crore, is part of a larger initiative where Modi inaugurated and laid the foundation stone for several projects worth about Rs 18,000 crore in a single day in Assam, including several from Darrang district earlier that morning.

The bioethanol plant, named Assam Bioethanol Plant, is bamboo-based and aims to promote clean energy while reducing dependence on fossil fuels. Modi also laid the foundation stone for a Rs 7,230-crore polypropylene plant at NRL, which is expected to boost the industrial sector.

Modi highlighted that as India develops, its electricity, gas, and fuel requirements have increased, leading to significant annual expenditures on imports. “Today, India is the world’s fastest-growing country. As India is developing, the country’s electricity, gas, and fuel requirements have increased. For these, we have been dependent on foreign countries. In huge quantities, we have been importing crude oil and gas.

And in return, the nation has to pay lakhs of crores of rupees annually to other countries. With our money, their people get employment and their income goes up. This situation needed to be changed. Thus, India has now embarked on the path of becoming self-reliant in meeting its energy requirements,”
Modi said.

Modi stressed the need for India to become self-reliant in meeting its energy requirements and mentioned efforts to explore new reserves of crude oil and gas domestically while enhancing green energy capabilities. He pointed out the need for alternative fuels instead of oil and gas, with highlighting bamboo-based ethanol as a viable option. The new plant producing ethanol from bamboo will greatly benefit farmers and tribal communities in Assam, he said. The govt plans to support local farmers in cultivating bamboo and will establish small units for bamboo chipping in the region, with an annual investment of approximately Rs 200 crore.

Modi recalled the previous Congress-led govt’s restrictions on bamboo cutting and how it could lead to imprisonment. He highlighted the current govt’s decision to remove these restrictions, benefiting the people of the northeast. He emphasised the importance of the polypropylene plant, noting that modern life relies heavily on polypropylene for manufacturing various products, including carpets, ropes, bags, fibres, masks, medical kits, textiles, and automotive components. The plant will strengthen the ‘Make in Assam’ and ‘Make in India’ initiatives and boost other manufacturing industries in the region, Modi said.

Underlining the importance of the plant, Modi said, “Without polypropylene, modern life is difficult to imagine.”

Reference : https://timesofindia.indiatimes.com/city/guwahati/pm-modi-inaugurates-worlds-first-bamboo-based-bioethanol-plant-in-assam-to-boost-green-energy-and-self-reliance/articleshow/123885737.cms?utm_

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India cuts GST on renewable energy components from 12% to 5% https://fuelsofthefuture.com/2025/09/10/india-cuts-gst-on-renewable-energy-components-from-12-to-5/ https://fuelsofthefuture.com/2025/09/10/india-cuts-gst-on-renewable-energy-components-from-12-to-5/#respond Wed, 10 Sep 2025 06:19:51 +0000 https://fuelsofthefuture.com/?p=2201 The components include solar power equipment, solar cookers and lamps, windmills and generators, waste-to-energy systems, biogas plants, and tidal or wave energy installations.

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The components include solar power equipment, solar cookers and lamps, windmills and generators, waste-to-energy systems, biogas plants, and tidal or wave energy installations.

India’s Goods and Services Tax (GST) Council, the joint forum of the Centre and States, has reduced the GST rate on renewable energy components from 12% to 5%.

Taking effect from 22 September, 2025, the components include solar power equipment, solar cookers and lamps, windmills and generators, waste-to-energy systems, biogas plants and tidal or wave energy installations.

At the same time, the GST on coal and lignite will see a steep increase from 5% to 18%, reflecting the government’s push to make renewable energy more cost-effective and competitive, while discouraging fossil fuel use.

According to an official notification from the Central Board of Indirect Taxes and Customs, the GST revision aims to “promote renewable energy goods in the country” and reduce India’s dependence on imported solar modules, particularly from China.

Calling it a landmark judgement, Sameer Gupta, chairman of independent power producer (IPP) Jakson Group, told PV Tech: “The tax reduction on renewable energy equipment – including solar cells, silicon wafers, photovoltaic modules, windmills and biogas plants marks a critically important step in advancing India’s clean energy transition.”

“This move will lower input costs for project development and module manufacturing, strengthen the economic viability of renewable projects and make solar power more affordable for households, businesses and farmers across the country,” he added.

Despite international pressures, particularly from the US levying 50% tariffs on India along with investigations into antidumping (AD) and countervailing duties (CVD), India surpassed the 100GW milestone of cumulative installed capacity, becoming the fourth-largest global market for PV installations.

In August, the domestic solar module manufacturing capacity of the country soared to over 100GW, up from just 2.3GW in 2014.

While India has made notable progress in solar module manufacturing, the country continues to rely on imported upstream components. The new GST rules aim to create a competitive market, attracting investment and fostering a strong ‘Made in India’ solar supply chain.

A ‘clear signal’ to support self-reliance

The move has been welcomed by the industry as a positive step for boosting domestic production and supporting the country’s renewable energy ambitions to achieve the renewable energy target of 500GW by 2030.

“The GST cut gives a clear signal in support of ‘Atmanirbhar Bharat’ (the government of India’s initiative towards self-reliance), encouraging investment in solar cell and module production,” said Gyanesh Chaudhary, managing director of Indian solar PV module manufacturer Vikram Solar. 

According to Chaudhary, “the move is equally significant for non-lithium-ion batteries, as India increases its renewable energy generation, building scalable, long-duration energy storage solutions is critical for grid stability and round-the-clock power.” 

Gautam Mohanka, director Indian solar manufacturer Gautam Solar, added: “At a time when India and the world are facing extreme weather events, rising temperatures, and erratic climate patterns, the need to decarbonise our energy systems is urgent.

“By reducing this financial barrier, the government is making solar power more affordable and enabling faster adoption, which will directly help cut carbon emissions and reduce dependence on fossil fuels.” 

Reference : https://www.pv-tech.org/india-cuts-gst-on-renewable-energy-components-from-12-to-5/?utm_

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