SECI Achieves Milestone in Renewable Energy Initiatives in India
Key Ideas
- SECI, under the Ministry of New and Renewable Energy, has executed over 60 GW of Power Sale Agreements for renewable energy projects nationwide.
- The PSAs cover solar, wind, and hybrid energy projects, providing long-term power purchase assurances to boost investment in India's renewable energy sector.
- The Chairman described this achievement as pivotal, emphasizing SECI's role in advancing India's clean energy transformation.
- Future plans include prioritizing energy storage, green hydrogen, and ammonia development to support India's low-carbon future and climate goals.
The Solar Energy Corporation of India Limited (SECI) has reached a significant milestone by finalizing over 60 Gigawatts (GW) of Power Sale Agreements (PSAs) for various renewable energy projects across India. These agreements encompass a combination of solar, wind, and hybrid energy initiatives, offering developers long-term power purchase assurances to drive investments in the country's renewable energy sector. Chairman & Managing Director Santosh Kumar Sarangi hailed this accomplishment as a pivotal moment in SECI's 14-year journey, highlighting the organization's crucial role in propelling India's shift towards clean energy. SECI's future focus areas include energy storage systems, green hydrogen, ammonia development, supply chain optimization, and innovative power delivery models, all geared towards supporting India's transition to a low-carbon future and meeting its climate commitments. This milestone not only showcases the increasing confidence in renewable energy adoption but also signifies the strong progress made towards India's ambitious energy transition targets.