ReNew Energy Global Plc has reduced prices of its solar modules and cells from September 22, aligning with the revised GST rate on renewable energy products. Earlier this month, the GST Council approved a rate cut from 12 per cent to 5 per cent to lower costs and support wider adoption. The price reduction is expected to deliver savings for utility-scale developers, rooftop solar consumers and farmers. Beneficiaries include those under government programs such as the PM Surya Ghar Muft Bijli Yojana and PM-KUSUM. Sumant Sinha, Founder, Chairman and CEO of ReNew, said the decision would encourage adoption across multiple segments.