SECI sets benchmark with execution of 60 GW Long-term Power Sale Agreements
Solar Energy Corporation of India signs 60 GW Power Sale Agreements, boosting India's clean energy push with solar, wind, and hybrid projects.
SECI marks major milestone with 60 GW renewable energy PSAs
Navratna CPSE, Solar Energy Corporation of India Ltd has announced that the company has achieved a significant milestone of implementing 60 GW of Power Sale Agreements (PSAs) of Renewable Energy capacity which marks a crucial step towards clean, green and sustainable energy solutions across the nation.
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The Chairman and Managing Director of SECI has stated that the signing of 60 GW of Power Sale Agreement within just 14 years of establishment is a big step towards serving clean energy to country. The Power Sale Agreement includes a diverse portfolio of solar, wind and other hybrid energy projects which collectively represents a major contribution towards India’s renewable energy capacity.
With these agreements, SECI is committed to provide long-term purchase of power generation, providing payment security to developers and the investors involved.
These ling-term agreements are crucial to unlock the diversified potential of renewable sectors. SECI strengthens the renewable energy market to attract developers and financial stakeholders to facilitate the capital flow for India’s low carbon economy.
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