To be attributed to Mr. Amit Jain, CEO & Country Manager India, MD Renewables & Batteries India & South-East Asia.
The GST Council’s decision to reduce the GST rate on renewable energy equipment to 5% marks a significant step forward in India’s clean energy journey. As a global energy utility committed to accelerating the energy transition, ENGIE India welcomes this policy shift.
With 2.3 GW of renewable capacity and ambitious plans to scale further, ENGIE remains deeply committed to supporting India’s target of 500 GW of renewables and achieving a carbon-neutral future. This progressive move will not only encourage renewable energy players in India by strengthening liquidity across the renewable value chain but also fast-track the execution of green projects. This decision will also potentially help in attracting greater investments in clean technologies and bolster India’s competitiveness in renewable energy and reinforce the country’s leadership in the global energy transition.
About ENGIE India
ENGIE has been present in India for over a decade and is one of the leading clean power generation companies in the country. It currently has a 2.3 GW renewable energy portfolio across seven states, with 1.1 GW already operational and the remainder under construction. Aligned with India’s renewable energy goals, ENGIE is committed to achieving Net Zero Carbon by 2045. Through its group companies – TRACTEBEL (engineering), Tabreed (sustainable cooling, JV), and ENGIE GEMS (energy management and decarbonization) – ENGIE offers integrated, innovative clean energy solutions for India’s transition to a low-carbon economy. In addition to its business objectives, ENGIE actively engages in community development through training initiatives and impactful CSR programs that support sustainable livelihoods. ENGIE is actively investing in India’s renewable energy sector, with plans to increase its renewable portfolio to 7 GW by 2030. This includes investments of around EUR 1 billion this fiscal year, focusing on hybrid and round-the-clock battery storage systems alongside traditional solar and wind projects.
