It was a defining moment for renewable energy in India and the world when Prime Minister Narendra Modi made the Panchamrit announcement of climate actions, including commitments to reach 500 GW non-fossil energy capacity and achieve 50% of the country's installed electricity capacity from renewable energy by 2030. The global community followed up at the last COP28 at Dubai with a call to transition away from fossil fuels to reach net zero.
Deeply seated in India's solar ecosystem is the Solar Energy Corporation of India Ltd (SECI), which is leading the charge with the help of progressive policies and initiatives and creating an enabling renewable energy ecosystem in the country.
The corporation has been incorporated by the government to create a conducive ecosystem for renewable energy in the country, covering all aspects of the sector. It is the centre point for propelling the sector towards commercialisation. Now, after successful transformation of the sector, other agencies have also been roped in by the government to accelerate and scale up for achieving India's clean energy goals.
India's Power Procurement Intermediary
This story is from the February 2024 edition of Outlook Business.
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This story is from the February 2024 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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