In a major boost to India’s renewable energy ambitions, the Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy (MNRE), has announced the successful execution of over 60 Gigawatts (GW) worth of Power Sale Agreements (PSAs) for renewable energy capacity.
This milestone signifies a critical advancement in India’s clean energy journey, showcasing the rising adoption and viability of solar, wind, and hybrid energy solutions across the country. The agreements span a diversified renewable portfolio and form a substantial part of India’s growing green energy infrastructure.
SECI’s PSAs are structured to ensure long-term power offtake, offering payment security to project developers and reducing investment risks. These arrangements are instrumental in reinforcing market confidence and attracting capital, helping accelerate the country’s transition to a low-carbon economy.
Speaking on the achievement, Shri Santosh Kumar Sarangi, Chairman and Managing Director of SECI, remarked,
“The signing of 60 GW worth of Power Sale Agreements within just fourteen years of our establishment marks a pivotal moment in SECI’s journey. We remain committed to supporting India’s clean energy targets and are proud to play a leading role in the nation’s sustainable future.”
Looking ahead, SECI plans to drive progress in energy storage solutions, green hydrogen and green ammonia production, and new power supply models. These initiatives are expected to further strengthen the renewable energy ecosystem and contribute to meeting India’s global climate commitments.
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