Navratna PSU SECI Crosses 60 GW Power Sale Agreement Milestone For Renewable Energy Projects

India has taken a significant step toward its clean energy ambitions. The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy, has announced that it has crossed the milestone of executing more than 60 Gigawatts (GW) of Power Sale Agreements (PSAs). 

These agreements represent a diverse portfolio of renewable energy projects, including solar, wind, and hybrid, and reflect the country's growing shift toward sustainable energy sources.

SECI Crosses 60 GW in PSA For Renewable Energy

SECI’s latest achievement highlights the strong momentum in India’s renewable energy sector. Surpassing 60 GW in executed PSAs shows not only the scale of energy transformation underway but also reflects confidence among developers and investors in the country’s renewable infrastructure. These agreements secure the long-term purchase of power generated by various renewable energy sources.

The milestone further reinforces SECI’s position as a key enabler of India’s transition to green energy.

Diverse Project Portfolio Reflects Market Maturity

The PSAs signed by SECI encompass a range of solar, wind, and hybrid projects. This diversified energy mix ensures stability, reliability, and flexibility in power generation. It also indicates an evolving market where developers are increasingly confident in exploring newer technologies and blended generation models.

The availability of such long-term agreements provides certainty to developers and financiers, encouraging further investment into the sector.

Boost To India’s Low-Carbon Economy

With guaranteed offtake through these PSAs, SECI offers payment security mechanisms that are essential for project viability. This has a direct impact on attracting private capital and scaling up renewable energy infrastructure. By acting as a bridge between power producers and distribution companies, SECI plays a central role in the clean energy value chain.

The initiative strengthens the long-term goal of a low-carbon economy and supports India’s nationally determined contributions under global climate commitments.

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Leadership Speaks On SECI’s Journey

Shri Santosh Kumar Sarangi, Chairman and Managing Director of SECI, commented, “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.”

Conclusion 

Looking forward, SECI aims to deepen its impact through strategic focus areas such as innovative energy storage solutions, enhancement of the renewable supply chain, and advancement of green hydrogen and green ammonia production.

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