Indian Government Launches New Green Energy Subsidy Scheme to Boost Renewables

The Indian government announced a new Green Energy Subsidy Scheme today aimed at accelerating renewable energy adoption across the country. The scheme, unveiled on March 22, 2026, offers subsidies of up to 30% for solar and wind energy projects for both residential and commercial users. According to Press Trust of India, the initiative targets installing 50 GW of additional renewable capacity by 2030. This move aligns with India’s commitment to reduce carbon emissions and enhance sustainable development. Officials stated the scheme will also encourage local manufacturing and create thousands of green jobs.