India Updates Solar Subsidies and Plans Carbon Trading Platform to Boost Renewable Energy

India is revising its renewable energy strategies to support its 500 GW target by 2030. The Ministry of New and Renewable Energy plans to shift solar manufacturing subsidies from sales-linked incentives to upfront capital expenditure support for key components like wafers and polysilicon. Meanwhile, a carbon trading platform is expected to launch by September to promote renewable energy, especially in commercial and industrial sectors. Efforts also include addressing unsigned power purchase agreements and incentivizing flexibility in thermal power plants to balance the grid.