SECI records over 59 per cent jump in renewable energy trading volume during 2022-23

Solar Energy Corporation of India Limited (SECI) has traded over 35 BU, a jump of over 59 per cent in its renewable energy power trading volume during 2022-23. Likewise, the revenue from power trading has crossed Rs 100 billion mark for the first time since its inception.

Speaking on the achievement, Ms. Suman Sharma, MD said, “India is witnessing an energy transition towards sustainable sources at an unprecedented pace and SECI is 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 Indian prime minister. Entire team of employees and management of SECI is tirelessly working towards this goal.”

As of now, SECI has awarded renewable energy 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). SECI also possesses the highest credit rating of AAA by ICRA.