SECI records over 59% jump in RE power trading volume during FY23

Solar Energy Corporation of India Limited (SECI) on Monday announced that it has traded over 35 BU (Billion Units), a jump of over 59% in its Renewable Energy power trading volume during FY 2022-23 over the previous year. 

During the year, the revenue from power trading has crossed Rs 10,000 crore mark for the first time since its inception.

“India is witnessing an energy transition towards sustainable sources at an unprecedented pace and SECI is striving hard to have the maximum contribution in nation’s journey towards 500 GW of non-fossil fuel by 2030, as announced by Hon’ble Prime Minister. Entire team of employees and management of SECI is tirelessly working towards this goal,” said Suman Sharma, MD, SECI.

Till date, SECI has awarded Renewable Energy (RE) project capacities of over 56 GW. SECI is also active in setting up of projects through its own investments as well as for other public sector entities as Project Management Consultant (PMC).