India’s GST Council has reduced tax on renewable energy devices and parts from 12% to 5%. The decision was announced in its 56th meeting in New Delhi on September 3 and will take effect from September 22. Finance Minister Nirmala Sitharaman said the cut covers photovoltaic cells, solar cookers, water heating systems, windmills, biogas plants, and waste-to-energy devices. GST on non-lithium batteries, including lead acid, sodium, and flow types, was reduced to 18% from 28%. Fuel-cell cars, buses, and trucks were also moved to the 5% bracket. The tax change is expected to reduce equipment costs for developers. Market participants noted that companies such as Adani Green, Waaree Energies, Tata Power, NTPC, Reliance, and ReNew could see operational advantages.