New Delhi, Sept. 17 -- The rationalization of GST rates across the renewable energy value chain from 12 pc to 5 pc will bring down the cost of clean energy products, making electricity more affordable and directly benefiting households, farmers, industries, and developers, said the official statement.
The official statement said, "The capital cost of a utility-scale solar project, which typically amounts to around Rs 3.5-4 crore per MW, will now see the savings of Rs 20-25 lakh per MW. At the scale of a 500MW solar park, this translates into project cost reductions of Rs 100 crore, significantly improving tariff competitiveness."The reform is expected to lower the levelised tariffs of solar and other renewable projects, easing the financia...