ReNew Energy cuts prices of solar modules, cells as lower GST rates take effect

ReNew Energy Global Plc (ReNew) has reduced rates of its solar modules and cells in line with lower GST slab taking effect from Monday.

Earlier this month, the GST Council approved slashing GST rates on a number of items. The council recommended the duty on renewable energy products to be reduced to 5 per cent from 12 per cent to help the industry shift towards green power.

In a statement, ReNew announced price reduction in its solar modules and cells, effective September 22.