SECI records over 59% jump in RE power trading volume in FY 2022-23

By 2030, SECI committed to reaching its goal of 500 GW of non-fossil fuel-based capacity.

Solar Energy Corporation of India Limited (SECI) has recorded a remarkable jump of over 59% in its Renewable Energy power trading volume during FY 2022-23, trading over 35 Billion Units. This is a significant increase compared to the previous year’s trading volume. In addition, the revenue from power trading has crossed the Rs. 10,000 Crore mark for the first time since its inception.

Suman Sharma, the Managing Director of SECI, has commented on this accomplishment, stating that India is experiencing an energy transition towards sustainable sources at an unprecedented pace. She emphasized that SECI is working hard to make the maximum contribution to the nation’s journey towards 500 GW of non-fossil fuel by 2030, as announced by Hon’ble Prime Minister. The entire team of employees and management of SECI is tirelessly working towards this goal.

SECI is a Miniratna Category-I Central Public Sector Enterprise (CPSE) that was incorporated in the year 2011. It is the primary implementing agency of the Ministry of New and Renewable Energy, Govt. of India for Renewable Energy schemes/projects towards fulfilling India’s international commitments. SECI has awarded Renewable Energy (RE) project capacities of over 56 GW to date. Moreover, SECI is also active in setting up projects through its investments, as well as for other public sector entities as a Project Management Consultant (PMC). SECI enjoys the highest credit rating of AAA by ICRA.

India’s energy transition towards sustainable sources is of utmost importance, and SECI’s achievements are a significant step towards achieving the nation’s goal of a cleaner, greener future.