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Solar Energy Corporation Of India

SECI's cumulative awarded renewable energy capacity exceeds 73 GW in Dec

State-owned Solar Energy Corporation of India (SECI) on Friday said its cumulative awarded capacity for renewable energy projects exceeded 73 GW in December. SECI is the premier Renewable Energy Implementing Agency (REIA) in the country, continuously working to meet climate goals and drive sustainable development, a SECI statement said. As a leading Central Public Sector Enterprise, SECI plays a pivotal role in the development and expansion of Renewable Energy (RE) capacity in India, with a cumulative awarded generation capacity exceeding 73 GW as of December 31, 2024, according to the statement. SECI has achieved an "Excellent" rating for its performance under the Memorandum of Understanding (MoU) with the Ministry of New & Renewable Energy (MNRE) for the financial year 2023-24, earning a score of 96 out of 100, it stated. In the financial year 2023-24, the company witnessed a substantial increase of 22.13 per cent in its annual trading volume, with a total of 42.935 billion ...

SECI's cumulative awarded renewable energy capacity exceeds 73 GW in Dec
Updated On : 10 Jan 2025 | 12:11 PM IST

CERC rejects SECI's first battery storage project over two-year delay

SECI which is the renewable energy project tendering agency under the aegis of the Ministry of New and Renewable Energy awarded this project in 2022

CERC rejects SECI's first battery storage project over two-year delay
Updated On : 06 Jan 2025 | 11:33 PM IST

SECI power deals cannot be scrapped without solid proof: Andhra CM Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu said the state government cannot scrap power purchase agreements with the Solar Energy Corporation of India (SECI) without obtaining solid proof of bribery allegations. The Chief Minister's comments assume significance in the backdrop of Adani being indicted by the US Department of Justice over his role in an alleged years-long scheme to pay USD 250 million bribes to Indian officials in exchange for favourable solar power contracts, including from Andhra Pradesh. This allegation was refuted by the Indian conglomerate. The previous YSRCP regime in Andhra Pradesh is embroiled in this alleged scam with claims that government officials received bribes from the Adani Group, which reportedly amounted to Rs 1,750 crore. We are getting proper documentation and once we get that then we will take action (if there was any corruption involved). If we cancel the MoUs right away then it may lead to legal issues and unnecessary complications, Naid

SECI power deals cannot be scrapped without solid proof: Andhra CM Naidu
Updated On : 02 Jan 2025 | 6:34 PM IST

Reliance NU Suntech secures 930 MW solar, 465 MW battery energy projects

Reliance Power on Tuesday said its arm Reliance NU Suntech has secured a solar project of 930 MW and 465 MW battery energy storage system (BESS) project from Solar Energy Corporation of India (SECI). The project will see the second largest deployment of grid storage batteries at a single site in Asia, after China, a company statement said. According to the statement, Reliance Power subsidiary, Reliance NU Suntech Private Ltd (Reliance NU Suntech) received a Letter of Award from SECI for its proposed Solar 930 MW and 465 MW/1860 MWh BESS projects. The competitive tariff with an assured supply of peak power for 4 hours daily will be a relief for DISCOMs that have had to consistently buy power from the power exchanges during peak hours at the cap of Rs 10 per unit. Reliance NU Suntech won the 930 MW solar energy contract in an e-reverse auction held on December 9, 2024. As per the terms of the tender, Reliance NU Suntech will also install a minimum storage capacity of 465 MW/1,860 MW

Reliance NU Suntech secures 930 MW solar, 465 MW battery energy projects
Updated On : 17 Dec 2024 | 3:19 PM IST

Seci's Adani solar deal faces scrutiny after being approved against advice

Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had no short-term need for solar power

Seci's Adani solar deal faces scrutiny after being approved against advice
Updated On : 17 Dec 2024 | 1:13 PM IST

Reliance NU Suntech wins India's largest solar and battery storage project

The project was secured through SECI's Tranche XVII e-reverse auction held on December 9, 2024, at a winning tariff of Rs 3.53 ($0.0416) per kWh (kilowatt-hour)

Reliance NU Suntech wins India's largest solar and battery storage project
Updated On : 12 Dec 2024 | 12:01 AM IST

Andhra Pradesh discoms to procure about 2000 MW power from SECI next FY

Andhra Pradesh power distribution companies have decided to procure about 2,000 mw of power from SECI out of the total 7000 mw in demand for the agricultural sector for the next fiscal, as per the latest filing by these companies with the AP Electricity Regulatory Commission. The move comes weeks after the Solar Energy Corporation of India (SECI) agreement with Andhra discoms became controversial after the US charged Adani Group chairman Gautam Adani in a years-long scheme to allegedly pay USD 250 million bribe to Indian officials including those from Andhra, in exchange for favourable solar power contracts in 2021 when the YSRCP was in power. The allegation has been refuted by the Indian conglomerate. The opposition YSRCP has also dismissed the charges. According to the filings, Aggregate Revenue Requirement and Tariff Proposal for the Retail Supply Business for FY 2025-26 by Southern Power Distribution Company of AP Ltd (SPDCL), Eastern Power Distribution Company Of Andhra Pradesh

Andhra Pradesh discoms to procure about 2000 MW power from SECI next FY
Updated On : 09 Dec 2024 | 7:45 PM IST

US SEC has indicted Adani, but India's SECI has only given favours: Cong

The Congress on Friday accused the Solar Energy Corporation of India (SECI) of favouring the Adani Group, alleging that Adani Green is not suffering one bit even though it is yet to supply a single unit of the contracted 3 gigawatts of electricity to Andhra Pradesh. Congress general secretary in-charge communications Jairam Ramesh said Adani Green Energy's solar power project has not supplied a single unit of power to Andhra Pradesh two months after the original schedule to supply 3,000 MW. "It is amazing that even though it has yet to supply a single unit of the contracted 3 gigawatts of electricity to Andhra Pradeshdespite the alleged ?1,400 crore bribe to secure the contractAdani Green is not suffering one bit, thanks to the Central Government," Ramesh said in a post on X. Adani will start supplying one-third of the promised amount to Andhra Pradesh seven months late, he said. "But Solar Energy Corporation of India (SECI) has permitted it to sell the power on power exchanges in

US SEC has indicted Adani, but India's SECI has only given favours: Cong
Updated On : 29 Nov 2024 | 3:02 PM IST

Andhra to review power deal linked to Adani Group amid US SEC charges

The Andhra Pradesh government was set to procure 7,000 MW of solar power from Adani Group through Seci aiming to supply cost-effective power to the agricultural sector

Andhra to review power deal linked to Adani Group amid US SEC charges
Updated On : 26 Nov 2024 | 5:45 PM IST

Adani saga: SECI, NTPC top power contractors for Adani Green Energy

AGEL's plans to increase its capacity more than five-fold to 50 GW by 2030

Adani saga: SECI, NTPC top power contractors for Adani Green Energy
Updated On : 22 Nov 2024 | 11:30 PM IST

SECI signs MoU with H2Global Stiftung to promote green hydrogen initiatives

State-owned Solar Energy Corporation of India (SECI) has inked an initial pact with H2Global Stiftung to establish a collaborative framework to promote Green Hydrogen initiatives. This aims to enhance knowledge exchange on market-based mechanisms and foster cooperation between India and importing countries, thereby contributing to the global advancement of the green hydrogen economy, according to an official statement. According to the statement SECI, under the Ministry of New and Renewable Energy, signed a Memorandum of Understanding (MoU) with H2Global Stiftung to establish a collaborative framework to promote Green Hydrogen initiatives. The collaboration offers India the opportunity to work on joint tender design concepts, particularly in structuring joint tenders that aligns with India's ambition to become export hub of green hydrogen and its derivatives. The cooperation may provide valuable insights into global hydrogen market dynamics, including trade logistics and stakeholde

SECI signs MoU with H2Global Stiftung to promote green hydrogen initiatives
Updated On : 20 Nov 2024 | 5:49 PM IST

Anil Ambani's RPower gets SECI showcause over 'fake bank documents'

Agency may weigh criminal proceedings against Anil Ambani-owned firm

Anil Ambani's RPower gets SECI showcause over 'fake bank documents'
Updated On : 15 Nov 2024 | 8:52 AM IST

SECI weighs criminal action against Reliance Power over fake bid documents

SECI said on Wednesday that the bank guarantee submitted by the unit, Reliance NU BESS, was also fake

SECI weighs criminal action against Reliance Power over fake bid documents
Updated On : 14 Nov 2024 | 4:16 PM IST

Reliance Power shares drop 5% after it gets debarred from SECI for 3 yrs

Shares of Reliance Power Ltd fell by 5 per cent on Friday as the company and Reliance NU BESS Ltd have been debarred from participating in Solar Energy Corporation of India Ltd (SECI) tenders for three years for allegedly submitting "fake documents". The stock tanked 4.99 per cent to Rs 41.47 -- its lower circuit limit -- on the BSE. On the NSE, shares of the firm dropped 5 per cent to hit the lowest trading permissible limit for the day at Rs 41.58. In a note, SECI said, "Based on the examination of documents submitted by Maharashtra Energy Generation, now known as Reliance NU BESS (for a project), it was discovered that as per the tender requirements, the endorsement of the Bank Guarantee against EMD (issued by a foreign Bank), as submitted by the Bidder, was fake." The issue is related to the RfS issued by SECI for setting up 1000 MW/2000 MWh Standalone BESS Projects under tariff-based competitive bidding. Since the above discrepancy was discovered subsequent to the e-reverse .

Reliance Power shares drop 5% after it gets debarred from SECI for 3 yrs
Updated On : 08 Nov 2024 | 1:08 PM IST

Electrolyser manufacturing: RIL, Adani, L&T win incentives in maiden tender

The tender was floated under Centre's Green Hydrogen Mission

Electrolyser manufacturing: RIL, Adani, L&T win incentives in maiden tender
Updated On : 01 Mar 2024 | 11:12 PM IST

Adani Green signs PPA for 8,000 Mw solar power with Solar Energy Corp

With this, Adani Green now has tied up PPAs of 19.8 gigawatt (Gw). The balance in its 20.6 Gw locked-in portfolio is merchant capacity, the company said

Adani Green signs PPA for 8,000 Mw solar power with Solar Energy Corp
Updated On : 25 Dec 2023 | 7:38 PM IST

JSW Energy, SECI sign agreement for 300 MW wind power projects

JSW Energy has signed a power purchase agreement with Solar Energy Corporation of India Ltd (SECI) for wind projects totalling 300 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of Rs 2.94 per kilowatt (KWh), JSW Energy said in a statement on Friday. "JSW Renew Energy Three, a wholly-owned step-down subsidiary of JSW Energy, has signed PPA with SECI for 300 MW ISTS-connected wind power projects awarded under SECI Tranche-XII," it said. The projects are located in Maharashtra and expected to be commissioned in next 24 months, the company said. The company has set a target to reach 20 GW capacity by 2030 and 10 GW by 2025. With a total locked-in capacity of 9.9 GW, JSW Energy is well placed to achieve its targets well ahead of time. In addition, the company has made a foray into energy storage space and has currently locked in 3.4 GWh of energy storage capacity by means of battery energy storage system and hydro pumped storage project.

JSW Energy, SECI sign agreement for 300 MW wind power projects
Updated On : 06 May 2023 | 3:13 PM IST

India to triple renewable projects auctions as 2030 green target looms

The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030

India to triple renewable projects auctions as 2030 green target looms
Updated On : 26 Apr 2023 | 2:36 PM IST

Corporate funding in global solar sector grows 11% to $8.4 bn in Jan-Mar

Corporate funding in the global solar sector increased 11 per cent year-on-year (y-o-y) to USD 8.4 billion in January-March period of 2023, according to a Mercom Capital report. Corporate funding includes venture capital, debt and public market financing. "The investments in the solar sector bucked the trend in Q1 despite tough economic conditions. The Inflation Reduction Act in the US is a significant driver for investments in solar. The fundamentals are solid, driven by strong demand for the energy transition worldwide, especially in Europe and the United States," said Raj Prabhu, CEO of Mercom Capital Group. Total corporate funding into the solar sector in the first quarter of 2023 calender year came to USD 8.4 billion compared to USD 5.4 billion in the fourth quarter of 2022. Funding increased 11 per cent y-o-y compared to USD 7.5 billion raised in Q1 2022, the report said. During January-March 2023, global VC funding was at USD 2.1 billion in 18 deals, 75 per cent higher compa

Corporate funding in global solar sector grows 11% to $8.4 bn in Jan-Mar
Updated On : 19 Apr 2023 | 2:22 PM IST

India's non-fossil power generation touches 174 GW in 2022: R K Singh

India's non-fossil fuel-based power generation capacity was at 174.53 gigawatt (GW) at the end of December 31, 2022, Parliament was informed on Tuesday. The country's total power generation capacity, including 235.81 GW from the thermal base, was at 410 GW at the end of 2022, Minister for Power, New and Renewable Energy R K Singh said in a written reply to the Rajya Sabha. "So far, a total of 174.53 GW power generation capacity from non-fossil fuel-based energy resources has been installed in the country as on 31.12.2022," he said. The capacity includes 63.30 GW solar power, 46.85 GW large hydro, 41.93 GW wind power, 10.73 GW bio power, 4.94 GW small hydro power and 6.78 GW nuclear power. In another reply, the minister said 2,97,609 million units (MU) energy from various sources of renewable energy in the April-December period of 2022-23. At 1,37,903 MU, large hydro projects alone contributed 46.3 per cent to the total renewable energy generation during the said period, followed b

India's non-fossil power generation touches 174 GW in 2022: R K Singh
Updated On : 07 Feb 2023 | 3:33 PM IST