The Solar Energy Corporation of India (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy (MNRE), has achieved a major milestone by executing over 60 GW of power sale agreements (PSAs) for renewable energy (RE) projects. This significant achievement underlines SECI’s leadership role in driving India’s clean energy agenda and reflects the increasing adoption of renewables nationwide.

These PSAs encompass a diverse portfolio including solar, wind, and hybrid energy projects, collectively making up a sizeable share of India’s expanding RE capacity. The agreements ensure long-term purchase commitments, offering payment security to developers and investors. This promotes confidence in the sector, drawing capital and catalyzing growth in the country’s low-carbon economy.

SECI Chairman and Managing Director Santosh Kumar Sarangi 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.” Looking ahead, SECI’s priorities include energy storage, green hydrogen and ammonia, and innovative power supply models to further accelerate India’s energy transition.