The Solar Energy Corporation of India Limited (SECI), a New Delhi-based renewable energy implementation agency, has reached an important milestone of executing their 60 GW of Power Sale Agreements (PSAs) for clean energy projects. Under the Ministry of New and Renewable Energy, SECI implements renewable energy projects. The PSAs for SECI's projects cover solar, wind and hybrid projects and ensure developers and investors certainty in offtake and payment security. According to SECI, structured agreements have supported investor interest and enabled consistent capital flow into India’s renewable energy sector. Founded 14 years ago, SECI has significantly contributed to expanding India's clean energy portfolio. SECI stated that it is now pursuing energy storage systems, renewable supply chains and green hydrogen/ammonia production and flexible power models to support meeting India's future energy needs.
SECI completes 60 GW power sale deals for India’s RE market
With over 60 GW of PSAs finalised, SECI strengthened India’s renewable energy landscape by securing payment structures for solar, wind, and hybrid project developers.
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