The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy, has successfully executed over 60 gigawatts (GW) of Power Sale Agreements (PSAs) for renewable energy projects. This achievement marks a significant milestone in India’s clean energy journey and reflects the growing momentum behind the country’s transition to sustainable energy sources.
The agreements encompass a wide mix of solar, wind, and hybrid energy projects, representing a major portion of India’s expanding renewable energy capacity. These long-term contracts ensure the purchase of power generated from renewable sources, offering crucial payment security to developers and investors. By providing this assurance, SECI plays a key role in reinforcing confidence in the renewable sector and promoting large-scale investments.
Chairman and Managing Director of SECI, Shri Santosh Kumar Sarangi, described the milestone as a defining moment. “The signing of 60 GW worth of Power Sale Agreements within just fourteen years of establishment marks a pivotal moment for SECI’s journey. SECI continues to be at the forefront of ensuring that India stays on track to meet its ambitious clean energy targets. We are proud to contribute to the nation’s transition towards a sustainable and low carbon future,” he said.
Looking ahead, SECI is preparing to focus on next-generation initiatives such as advanced energy storage systems, the development of green hydrogen and green ammonia, and innovative power delivery models. Strengthening the renewable energy supply chain will also be a key priority as the organization works to accelerate India’s transition to a low-carbon economy and meet its climate goals.
