Solar Energy Corporation Signs Psas For 60 GW Of Renewable Energy

(MENAFN- KNN India) New Delhi, Jul 2 (KNN) The Solar Energy Corporation of India Limited (SECI), a key player under the Ministry of New and Renewable Energy, has achieved a major milestone by signing Power Sale Agreements (PSAs) for over 60 gigawatts (GW) of renewable energy.

These PSAs include solar, wind, and hybrid energy projects, forming a large part of India's growing renewable energy capacity. Through these long-term agreements, SECI ensures stable power purchases, giving much-needed payment security to developers and boosting investor confidence.

This not only supports the success of renewable projects but also strengthens the foundation of India's low-carbon economy.

SECI's efforts have played a crucial role in building a reliable market for renewable energy. By securing buyers for clean power, SECI helps attract developers and unlock finance needed to scale up clean energy solutions across the country.

Speaking on the achievement, SECI Chairman and Managing Director Santosh Kumar Sarangi said,“Crossing the 60 GW mark in just 14 years is a significant milestone in our journey. SECI remains committed to keeping India on track to achieve its ambitious renewable energy targets and enabling a sustainable energy future.”

Looking ahead, SECI plans to focus on expanding energy storage solutions, strengthening the renewable energy supply chain, and supporting the development of green hydrogen and green ammonia.

New and innovative power supply models are also in the pipeline, all aimed at accelerating India's shift towards clean energy and meeting its climate goals.

(KNN Bureau)

MENAFN02072025000155011030ID1109753305