SECI’s Aggregate Capacity of PSA Agreements Exceeds 50 GW

SECI Looks for Developers for Setting Up 2000 MW Wind-Solar Hybrid Projects

Solar Energy Corporation of India (SECI), a Miniratna Central Public Sector Enterprise under the Ministry of New & Renewable Energy has surpassed the milestone of 50 GW aggregate capacity of agreements signed under Power Sale Agreements (PSAs). The latest quantum of PSAs signed stands at 50,292.64 MW now, where SECI is the trader as an intermediary procurer.

Recently, SECI signed a PSA of 690 MW wind power with Uttar Pradesh Power Corporation Limited and PSAs of 500 MW solar power under ISTS Solar Tranche VIII with Tamil Nadu Generation and Distribution Corporation Limited. SECI also entered into a much-awaited power usage agreement with Gujarat Urja Vikas Nigam Limited, for 700 MW Solar Power under CPSU Scheme. In another recent announcement, the Rajasthan Electricity Regulatory Commission (RERC) approved the plan of the Rajasthan Urja Vikas Nigam Limited (RUVNL) to procure 490 Megawatt (MW) of green energy from SECI’s hybrid solar projects (solar and pumped storage system).

SECI is marching on the path of power trading, which could pave the path for it to become the largest renewable energy trader in the country.

Solar Energy Corporation of India Limited (SECI) is engaged in promotion and development of various renewable energy (RE) resources, especially solar energy, wind energy, RE-based storage systems, trading of power, R&D as well as renewable energy RE-based products like green hydrogen, green ammonia and RE-powered electric vehicles.

The firm is one of the nodal agencies for implementation of a number of schemes of the Ministry of New & Renewable Enery. The company has a Category 1 power trading license and is active in this domain through trading of solar, wind, hybrid, RTC and BSES power from projects set up under the schemes being implemented by it.

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SECI is also a designated key central implementing agency for bidding targets to be achieved in financial year FY23-24. The total solar power traded by SECI from projects installed under SECI’s tariff/VGF-based competitive bids in the last nine years stood at 70,898 MU. As the central nodal agency for Grid Connected Roof Top Phase –II, SECI has disbursed approximately Rs. 117 Cr. to more than 20,000 beneficiaries through the National Solar Rooftop Portal since its launch.