The Solar Energy Corporation of India Limited (SECI), a Navratna CPSE under the Ministry of New and Renewable Energy, has successfully executed over 60 GW of Power Sale Agreements (PSAs) for renewable energy capacity—a major milestone in India's transition to clean energy.
These PSAs span solar, wind, and hybrid projects, ensuring long-term power offtake and payment security for developers and investors. SECI’s achievement reflects the increasing adoption of renewable energy across India and plays a crucial role in mobilizing capital and confidence in the country’s low-carbon economy.
Shri Santosh Kumar Sarangi, Chairman and Managing Director of SECI, stated, "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."
Future initiatives will focus on innovative energy storage solutions, strengthening the RE supply chain, advancing the production of green hydrogen and green ammonia, as well as innovative power supply models. These efforts will accelerate the renewable energy transition and support India’s climate commitments.
