**Summary:**
The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy (MNRE), has executed Power Sale Agreements (PSAs) for over 60 Gigawatts (GW) of Renewable Energy (RE) capacity as of July 1, 2025. This milestone signifies a substantial advancement in India's transition towards a clean and sustainable energy future. The PSAs encompass a diverse portfolio of solar, wind, and hybrid energy projects. SECI guarantees long-term power purchase, providing payment security to developers and investors, thus enhancing the viability of RE ventures. These long-term arrangements are expected to attract developers and financial stakeholders, facilitating capital flow into India's low-carbon economy. SECI's Chairman and Managing Director, Shri Santosh Kumar Sarangi, highlighted the achievement as a pivotal moment for SECI and a contribution to India's clean energy targets. Future initiatives will focus on energy storage, RE supply chain enhancement, green hydrogen and ammonia production, and innovative power supply models. The press release was issued by PIB Delhi on July 1, 2025, at 12:34 PM, Release ID: 2141068, contact person Navin Sreejith.
Key Entities Referenced
Ministry of New and Renewable Energy: The Indian government ministry responsible for all matters relating to new and renewable energy.
Solar Energy Corporation of India Limited: A Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy, responsible for implementing various schemes and projects related to renewable energy.
India: The nation which is progressing toward a clean and sustainable energy future.
Power Sale Agreements: Agreements executed by SECI to guarantee the long-term purchase of power generated from renewable energy projects.
Renewable Energy: Energy derived from natural processes that are replenished at a higher rate than they are consumed.
Shri Santosh Kumar Sarangi: Chairman and Managing Director of SECI.
Delhi: Location of Press Information Bureau (PIB) where the release was posted.
Green Hydrogen: Hydrogen produced by splitting water into hydrogen and oxygen using renewable electricity.
Ministry of New and Renewable Energy
SECI crosses milestone of 60GW of Power Sale
Agreements for Renewable Energy Projects, paving
the way for India’s Clean Power Transition
Posted On: 01 JUL 2025 12:34PM by PIB Delhi
The Solar Energy Corporation of India Limited, a Navratna Central Public Sector Enterprise under the
Ministry of New and Renewable Energy, Government of India, has achieved the milestone of executing over
60 Gigawatts (GW) of Power Sale Agreements (PSAs) of Renewable Energy (RE) capacity. This marks a
pivotal step in the nation’s progress toward a clean and sustainable energy future and indicates the positive
trend of uptake of renewable energy across the country.
The Power Sale Agreements cover a diverse portfolio of solar, wind, and hybrid energy projects, collectively
representing a significant share of India’s rising RE capacity. Through these agreements, SECI guarantees
long-term purchase of power generated, providing payment security to developers and investors while
demonstrating the viability of renewable energy ventures in the country. Such long-term arrangements are
critical to unlocking the full potential of India’s RE sector. By securing off take for renewable power, SECI
strengthens the renewable energy market, attracting developers and financial stakeholders, and facilitating the
flow of capital for India’s low-carbon economy.
Shri Santosh Kumar Sarangi, Chairman and Managing Director of SECI, stated "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."
Future initiatives will focus on innovative energy storage solutions, strengthening the RE supply chain,
advancing the production of green hydrogen and green ammonia, as well as innovative power supply models.
These efforts will accelerate the renewable energy transition and support India’s climate commitments.
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Navin Sreejith
(Release ID: 2141068)