SECI's renewable energy trade crosses 35 BU mark in FY23

New Delhi: State-owned SECI traded 35 billion units of renewable energy (RE) during financial year 2022-23, registering a year-on-year (y-o-y) rise of 59 percent, an official statement said Monday. During the year, Solar Energy Corporation of India Limited's (SECI) revenues from power trading crossed Rs 10,000 crore-mark for the first time since its inception, Ministry of New and Renewable Energy (MNRE) said.

SECI has traded over 35 BU

"SECI has traded over 35 BU, registering a growth of over 59 percent in its RE power trading volume in FY23 over the previous year. Likewise, the revenue from power trading has crossed the Rs 10,000 crore mark for the first time since its inception," the ministry said.

India is witnessing energy transition towards sustainable sources at unprecedented pace: Sharma

In the statement, SECI MD Suman Sharma said that India is witnessing an energy transition towards sustainable sources at an unprecedented pace.
"We are striving hard to have the maximum contribution in the nation's journey towards 500 GW of non-fossil fuel by 2030, as announced by the Prime Minister (Narendra Modi). The entire team of employees and management of SECI is tirelessly working towards this goal," she was quoted in the statement.

SECI has awarded RE project capacities of over 56 GW

Under the MNRE, SECI is the primary implementing agency for renewable energy schemes/projects. Till date, SECI has awarded RE project capacities of over 56 GW. SECI is also active in setting up projects through its own investments as well as for other public sector entities as Project Management Consultant (PMC).

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)