Minister highlights India’s growing leadership in the global renewable energy transition
Solar Energy Corporation of India Limited (SECI) remains committed to open new opportunities in the renewable energy sector, working closely with all stakeholders and innovating with market’s requirements.
It will continue to play a central role towards achievement of India’s clean energy vision, said Shripad Yesso Naik, Minister of State, Ministry of New & Renewable Energy and Power while addressing the gathering at the celebration of the 15th Foundation Day of SECI on 21 Sept in Delhi.
“SECI’s 15-year journey stands as a reflection of India’s growing leadership in the global renewable energy transition,” he said, highlighting that SECI has consistently delivered on the nation’s clean energy vision and expressed confidence that the corporation will continue to play a central role towards its achievement.
Speaking at the event, SECI Managing Director Akash Tripathi added that the 15 years have been a testament to SECI’s dedication and the nation’s collective will towards sustainable energy.
The Stakeholders’ Meet at the celebration also featured two thematic sessions, “Reimagining Industry through Green Molecules” and “The Changing Energy Landscape: Distributed Renewables and New Energy Markets,” bringing together policymakers, industry leaders and financial institutions to deliberate on emerging opportunities and challenges shaping India’s energy transition.
The first session, “Reimagining Industry through Green Molecules,” explored the role of green hydrogen and its derivatives in decarbonising hard-to-abate sectors and creating new avenues for industrial growth. The session covered opportunities for domestic production and emerging applications, along with the policy support, infrastructure, technology and financing required to develop green molecule markets on a scale.
The second session, “The Changing Energy Landscape: Distributed Renewables and New Energy Markets,” examined the evolving role of distributed RE in India. Key areas of discussion included greater consumer participation, integration of distributed energy resources and emerging market mechanisms, as well as the policy and regulatory frameworks needed to facilitate their effective integration and support the expansion of renewable energy.
As SECI marks 15 years of service to the nation, its cumulative achievements stand at over 41 GW of renewable energy generation capacity commissioned through third-party developers, power sale agreements of over 67 GW signed with various DISCOMs/consumers, and cumulative market investments enabled for about ₹3.6 lakh crores. The company is rapidly scaling with its own projects’ portfolio as well and is also active in promoting energy storage, green hydrogen and allied areas.
Incorporated on September 20, 2011, SECI, a Navratna CPSE under the Ministry of New and Renewable Energy, began as the country’s dedicated implementing agency for the National Solar Mission and has since grown into the foremost CPSE focused exclusively on Renewable Energy, with a mandate spanning the complete Renewable Energy ecosystem. Fiinews.com
