In Short : The government plans to introduce incentives to accelerate green steel production in India. The initiative aims to promote low-carbon technologies, reduce emissions in the steel sector, and enhance global competitiveness. By supporting sustainable steel manufacturing, the policy seeks to position India as a leader in eco-friendly steel production, contributing to the country’s […]
GOP Megabill Targets Clean Energy Incentives, Puts 28 GW of Projects at Risk – EQ
In Short : A Republican-led megabill headed to former President Trump proposes major cuts to clean energy incentives, including ending tax credits for residential solar, EVs, and large-scale renewables. The legislation favors fossil fuels and nuclear, potentially halting 28 GW of planned projects. Experts warn it could raise energy costs, slow climate progress, and hinder […]
Senate Budget Bill Sparks Uproar Over Rollback of Clean Energy Incentives – EQ
In Short : The U.S. Senate passed the “One Big Beautiful Bill,” sparking backlash for cutting key clean energy subsidies. While a proposed excise tax on wind and solar was dropped, the bill phases out renewable and EV tax credits by 2027–28. Critics warn of job losses, stalled climate goals, and rising energy costs, threatening […]
CEA Recommends Incentives to Power India’s Domestic Battery Storage Manufacturing Drive – EQ
In Short : The Central Electricity Authority (CEA) has proposed incentives such as tax breaks, subsidies, and R\&D support to boost domestic manufacturing of battery energy storage components in India. Aimed at reducing import dependence, the plan supports the country’s clean energy transition and 500 GW non-fossil target by 2030, while encouraging innovation, skill development, and […]
Existing state-level policies could further unlock USD 61 billion in incentives for Green Hydrogen in India – EQ
Odisha, Tamil Nadu, Maharashtra, and Gujarat lead in providing financial incentives for green hydrogen production Power-related incentives worth USD 38 billion account for 63% of total support for green hydrogen India’s green hydrogen industry could unlock an additional INR ~5 lakh crore (USD 61 billion) through already existing state-level policies, finds a new independent study […]
Incentives to Promote Coal Gasification – EQ Mag
To incentivize private sector companies for developing coal gasification projects, Ministry of Coal has formulated a policy wherein, a provision has been made for 50% rebate in revenue share for all future commercial coal block auctions for the coal used in gasification purpose provided the coal quantity used for gasification is at least 10% of […]
Vedanta announces incentives for purchase of EVs by employees – EQ Mag
As part of its commitment towards net-zero carbon, the company has pledged 100 per cent of its light motor vehicles to be decarbonised by 2030. Globally diversified natural resources firm Vedanta Ltd on Tuesday said it has rolled out an EV policy for its employees, under which incentives ranging from 30 to 50 per cent […]
Centre considers incentives for offshore wind energy – EQ Mag Pro
According to a strategy paper on offshore wind prepared by the ministry, 16 zones have been identified in total, off the coasts of Gujarat and Tamil Nadu for harnessing offshore wind energy The union ministry of new and renewable energy (MNRE) is considering giving incentives to companies in the offshore wind energy space including the […]
Massachusetts Storage Market Imperiled by Requirement to Buy New Utility Meters
Should solar customers have to pay for a new meter to measure their generation, or is their own smart inverter good enough? Massachusetts rolled out a new incentive last year to spur solar and energy storage adoption, but installers are worried that a technical requirement could foil the goals of the program. The Solar Massachusetts […]
Northeastern States Primed to Be the Next Major Energy Storage Market
Where the challenge was once a lack of profitable storage opportunities in the Northeast, now the trick is keeping up. Here’s GTM’s handy guide. Northeastern states have enacted a dizzying array of policies to promote energy storage development alongside the growth of renewables over the past few years. Where the challenge used to be a […]