SECI Allocates 600 MW Solar Projects at Record-Low Tariff of USD-0.036/kWh – EQ
In Short : SECI has allocated 600 MW of solar projects in India at a record-low tariff of USD-0.036/kWh. This milestone reflects advancements in technology, economies of scale, and supportive policies driving affordable clean energy. The projects will boost India’s renewable capacity, reduce carbon emissions, and support its goal of 500 GW non-fossil fuel energy by 2030.
In Detail : The Solar Energy Corporation of India (SECI) has allocated 600 MW of solar projects at an impressive tariff of USD-0.036 per kWh, marking a milestone in India’s renewable energy journey. This competitive pricing reflects the nation’s commitment to affordable and clean energy solutions, further accelerating its transition to renewables.
These projects will play a significant role in meeting India’s ambitious renewable energy targets of achieving 500 GW of non-fossil fuel capacity by 2030. SECI’s allocation underscores its strategic efforts to attract investment and drive innovation in the renewable energy sector.
The record-low tariff highlights the success of advanced technology adoption, economies of scale, and supportive government policies in reducing solar energy costs. It also showcases India’s growing potential as a global leader in renewable energy.
The projects are expected to contribute significantly to India’s energy mix while reducing carbon emissions. By promoting cost-effective solar energy, SECI is helping to ensure that renewable power remains accessible and sustainable for the country’s growing energy needs.
The 600 MW allocation is set to create jobs, boost local economies, and encourage further investments in clean energy infrastructure. This development aligns with India’s goal of enhancing energy security and reducing reliance on fossil fuels.
With this allocation, SECI continues to lead India’s renewable energy transformation, demonstrating its commitment to creating a greener, more sustainable future while achieving global benchmarks in cost-effective clean energy deployment.
