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India Launches New 'Green Energy Subsidy' Scheme to Boost Renewables

Summary

The Indian government unveiled the 'Green Energy Subsidy' scheme today, aiming to accelerate renewable energy adoption across the country. Announced by the Ministry of New and Rene

The Indian government unveiled the 'Green Energy Subsidy' scheme today, aiming to accelerate renewable energy adoption across the country. Announced by the Ministry of New and Renewable Energy, the policy offers subsidies covering up to 40% of installation costs for solar and wind projects for households and small businesses. The scheme targets installation of 10 GW of renewable capacity by 2028, supporting India’s climate goals. Officials expect over 5 million beneficiaries in rural and urban areas to access the subsidies. According to PIB, the initiative also includes training programs to encourage green jobs and local manufacturing.
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India Launches New 'Green Energy Subsidy' Scheme to Boost Renewables

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