SECI disbursed 8.9 billion to wind and solar energy developers in Feb 2023
With an investment of at least Rs 2.44 lakh crore or Rs 2.44 trillion, India plans to install 500 GW (gigawatt) of renewable energy capacity by 2030.
Representational image
New Delhi: The CPSU, Solar Energy Corporation of India (SECI) in February has disbursed a sum of Rs 8.9 billion to wind and solar energy developers for the electricity procured by this the Company's aymnet grew 62% YoY in February 2023. From the preceding month the CPSU saw 9.58% rise in the payments.
The promising development in India's renewable energy sector indicates that the government’s efforts to promote renewable energy, following the growth in country’s power generation mix.
With an investment of at least Rs 2.44 lakh crore or Rs 2.44 trillion, India plans to install 500 GW (gigawatt) of renewable energy capacity by 2030.
Recently SECI announced the successful bidders who will receive a total of Rs. 13937.575 Cr under the second phase of the performance-linked incentive (PLI) program that aims at incentivizing the domestic production of solar modules in India with a target of manufacturing 39.6 GW of solar modules.
Read Also : RBI imposes monetary penalty on The Satara Sahakari Bank Limited, MumbaiNews Must Read
- Sushil Sharma assumes additional charge of CMD, and Director (Personnel) of SJVN Limited
- Coal India Limited Board recommends final dividend, here to know
- Dr. Subhransu Sekhar Acharya assumes charge of NSIC CMD
- CIL reports mixed bag of results for Q4 of FY23-24
- NMDC's Promising Start to FY25, Targets 50 Million Tonnes
- RITES to take assessment for Vande Bharat Trains
- RBI cancels Certificate of Registration of Acemoney (India) Limited due to irregular lending practices
- Coal India Production rises by 7 percent in April
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer