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China will eliminate rebates on photovoltaic products starting January 9, 2024, and reduce battery rebates from 9% to 6% by April 1, 2026, impacting global solar prices. Indian firms Waaree and Premier Energies may benefit from this shift, with Waaree projected to increase its export revenue significantly, while Borosil Renewables faces domestic competition despite improved profitability. The rebate removal could raise costs for solar plant construction overall.