The Solar Energy Corporation of India Limited (SECI), a Navratna Central Public Sector Enterprise under the Ministry of New and Renewable Energy, has announced a significant achievement by crossing 60 gigawatts (GW) of Power Sale Agreements (PSAs) for renewable energy projects. This major milestone was shared through a press release on July 1, 2025, and marks a major step in India’s journey toward a sustainable and low-carbon future.
The 60 GW milestone includes a diverse mix of solar, wind, and hybrid renewable energy projects. SECI’s role in signing long-term PSAs ensures that power generated from these renewable sources has a committed buyer, providing critical payment security to developers and investors. These agreements are vital for improving the confidence of private players in the renewable energy sector, encouraging both domestic and global capital flows into India’s green power market.
SECI’s strategy has been to promote transparent processes and bankable projects. By guaranteeing offtake, it strengthens the renewable energy ecosystem and demonstrates the long-term economic viability of clean power ventures. These power sale contracts serve as a backbone for the deployment of large-scale renewable capacity across various states and grid networks.
SECI Chairman and Managing Director Shri Santosh Kumar Sarangi remarked that achieving 60 GW of PSAs within just fourteen years of the organization’s inception is a landmark accomplishment. He emphasized SECI’s commitment to keeping India on track with its clean energy targets and contributing actively to the national vision of a sustainable energy future.
Looking forward, SECI is preparing to expand its initiatives into several innovative areas. These include advanced energy storage solutions, the development of green hydrogen and green ammonia projects, and the promotion of firm and dispatchable renewable power. These steps are aligned with the country’s climate goals and are expected to significantly enhance the resilience and flexibility of India’s clean energy infrastructure.
SECI has been known for pioneering new project models such as solar-wind hybrid plants, round-the-clock power supply frameworks, and energy storage integrations. Its robust payment security mechanism and e-bidding platform have promoted competition and brought down tariffs, making renewable energy more accessible and affordable.
As India continues to scale up its renewable energy capacity, SECI’s leadership in securing power sale agreements serves as a foundational element in driving clean energy growth and meeting national and global climate goals. With its expanding portfolio and growing role, SECI is set to play an even greater part in shaping India’s energy future.
