ReNew Energy Lowers Prices on Solar Modules and Cells Following New GST Rate Cuts

Key Takeaways

ReNew Energy has lowered prices of solar modules and cells due to a reduced GST rate from 12% to 5%.
This reduction is aimed at making renewable energy more accessible for utility-scale developers, rooftop users, and farmers.
The announcement is expected to accelerate the adoption of clean energy solutions across different segments in India.

Price Reduction Announcement

ReNew Energy Global Plc (ReNew) has announced a significant reduction in the prices of its solar modules and cells, effective September 22. This decision aligns with a new Goods and Services Tax (GST) rate that has been lowered from 12% to 5% for renewable energy products, following approval by the GST Council earlier this month. The council’s initiative is aimed at promoting the transition to green energy across various sectors.

The price cut is poised to provide considerable savings for stakeholders, including utility-scale developers, rooftop solar customers, and farmers participating in government-sponsored schemes like the PM Surya Ghar Muft Bijli Yojana and PM-KUSUM. By lowering the cost of solar products, ReNew seeks to democratize access to clean energy in India.

Sumant Sinha, Founder, Chairman, and CEO of ReNew, expressed optimism regarding the impact of this policy change. He 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.” The company’s clean energy portfolio, comprising 18.2 GW as of August 13, 2025, ranks among the largest globally, further reinforcing its commitment to sustainability and accessibility.

The reduction in GST and consequent price adjustments are expected to stimulate the renewable energy sector in India, encouraging more investment and participation from diverse groups. The lower rates are likely to enhance the economic feasibility of transitioning to renewable sources, contributing to India’s goal of increasing its green energy footprint.

In summary, ReNew’s move to cut prices is a response to favorable regulatory changes intended to support the renewable energy sector. As this strategy unfolds, stakeholders anticipate a smoother path toward broader adoption of solar energy solutions in both urban and rural settings across India.

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