SECI and Rajasthan Partner for Renewable Energy Investments, Targeting Power Surplus by 2030

The Solar Energy Corporation of India (SECI), a Navratna Central Public Sector Undertaking (CPSU), has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan to advance renewable energy projects in the state by 2030. The agreement was formalized during the Rising Rajasthan Investor Meet in Jaipur.

The signing ceremony was graced by Rajasthan’s Hon’ble Chief Minister Shri Bhajan Lal Sharma, Minister Shri Heeralal Nagar, and Additional Chief Secretary of the Energy Department, Shri Alok. SECI was represented by its Chairman and Managing Director Shri RP Gupta, Director (Power Systems) Shri Sivakumar V Vepakomma, and General Manager (Corporate Planning and Business Development) Shri Ajay Kumar Sinha.

This strategic partnership outlines a six-year plan to transform Rajasthan into a power surplus state, ensuring a 24/7 supply of clean, affordable, and reliable energy. The investments will focus on renewable energy generation, manufacturing of renewable energy equipment, and innovative solutions such as solar, wind, hybrid projects, and battery energy storage systems (BESS).

By leveraging Rajasthan’s vast solar potential, the initiative aligns with India’s ambitious goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. SECI, which already has a significant presence in the state, views this collaboration as a step towards cementing India’s leadership in the global clean energy sector.

This MoU underscores SECI’s commitment to accelerating the nation’s transition to a carbon-neutral economy while bolstering Rajasthan’s energy infrastructure.