India’s Solar Energy Corporation of India (SECI) plans to bid for state renewable energy projects to reach its target of 10 GW renewable capacity by 2030. SECI anticipates securing $7.7 billion in investments for projects involving solar, wind, and battery storage. With India targeting 500 GW of renewable energy by 2030 to support its 2070 net-zero goal, the country currently has 154 GW installed. Additionally, SECI also plans international expansion, starting as a project management consultant and later transitioning to development roles. Currently managing 300 MW, SECI is building 1,200 MW of projects set for completion by June 2026. The company is also considering a public offering within one to two years.
SECI to bid for renewable projects aiming 10 GW by 2030 in India
SECI aims to align with India’s 500 GW renewable energy goal by 2030, focusing on solar, wind, and battery storage projects. (Image Credit/Source:Gregroose/Pixabay)
With 20 GW HJT production capacity, Huasun reinforces its leadership as a Tier 1 solar module maker. (Image Source: Huasun Solar)
Sterling and Wilson expand their 20.7 GWp portfolio with 305 MW solar project for private IPP. (Image Credit/Source:Fietzfotos/Pixabay)
Runergy retains Tier 1 status, meeting BloombergNEF’s tougher criteria for PV module manufacturers in 2024. (Image Source: Runergy)
The advanced-stage projects will pursue long-term agreements with utilities and commercial customers by 2024. (Image Source: AMPYR Energy)