SECI Achieves 60 GW Milestone in Power Sale Agreements, Paving Way for Green Energy Growth

New Delhi, July 1, 2025 – In what could be regarded as a landmark development for the country’s clean energy ambitions, Solar Energy Corporation of India (SECI), a Navratna CPSE under MNRE, has announced that it has executed more than 60 gigawatts (GW) of Power Sales Agreements (PSAs) for renewable energy projects. The announcement signifies long-term purchase commitments, boosting investor confidence.

With this announcement, the company reaffirms its financial robustness and enhances its negotiating power with state discoms.

Strengthening India’s Renewable Energy Market

The execution of these PSAs represents a major boost for India’s rapidly expanding renewable energy (RE) market. By guaranteeing the long-term purchase of power generated from RE sources, SECI ensures financial stability and payment security for developers and investors. These agreements serve as a cornerstone for attracting capital and developers into India’s low-carbon economy.

Shri Santosh Kumar Sarangi, Chairman and Managing Director of SECI, emphasized the strategic importance of this milestone, stating:

“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.”

Paving the Way for Next-Gen RE Innovation

Looking ahead, SECI will focus on key strategic areas such as:

• Energy storage solutions
• Strengthening renewable energy supply chains
• Accelerating production of green hydrogen and green ammonia
• Developing innovative power supply models

These future-forward initiatives are aligned with India’s climate commitments under the Paris Agreement and its long-term goal of achieving net-zero emissions by 2070.

About SECI

Solar Energy Corporation of India Ltd, established in 2011, operates under the Ministry of New and Renewable Energy and plays a central role in implementing India’s solar and wind energy auctions. Now a Navratna CPSE, SECI plays a pivotal role in shaping the country’s renewable energy ecosystem and delivering on national clean energy targets.

REF: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2141068

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