SECI aims 10 GW capacity by 2030, to go public in 2 years: CMD RP Gupta

SECI, which serves arsenic an implementing bureau for the improvement of solar, upwind and hybrid projects arsenic portion of fulfilling the country's Nationally Determined Contributions (NDCs), aims to execute 10 GW of cumulative renewable vigor capableness by 2030. 

Speaking to the media, SECI Chairman and Managing Director R P Gupta said that the institution presently has 122.7 MW of installed capacity. He besides said that the institution volition spell nationalist to rise funds successful the adjacent 1 oregon 2 years successful bid to grow renewable vigor capableness successful the country.

"We are looking to spell nationalist successful the adjacent 1 oregon 2 years," Gupta said, adding that the size of the IPO has not been finalised yet. 

This determination follows NTPC Green Energy Ltd's caller filing of its draught reddish herring prospectus for a Rs 10,000 crore IPO.

SECI plans to tender 20 GW of projects successful the ongoing fiscal year. The authorities has acceptable a people of tendering 50 GW of greenish powerfulness capableness annually until FY28. In FY24, implicit 60 GW of capableness was bid retired by assorted Renewable Energy Implementing Agencies (REIAs) and states. SECI tendered 15.2 GW, with 12 GW finalised and powerfulness proviso agreements (PSAs) signed for 7-8 GW.

The remark comes astatine a clip erstwhile India aims to person 500 GW of renewable vigor capableness by 2030.

The 500 GW people is successful the pipeline and it volition beryllium done, said SECI Chairman and Managing Director R P Gupta.

"But we person to deliberation beyond 2030. The powerfulness request volition beryllium 2,000 GW by 2047," helium said astatine a property league here. India has 207 GW of renewable vigor capableness and inactive needs to adhd astatine slightest 50 GW per annum each twelvemonth till 2030 to execute the 500 GW target.

"We would similar to spell nationalist successful the adjacent 1 oregon 2 years," Gupta said.

The country's highest powerfulness request has touched an all-time precocious of astir 250 GW successful May this year.

SECI's listing connected bourses is besides important due to the fact that it is the nodal bureau of the Ministry of New & Renewable Energy for tendering renewable vigor projects.

Gupta said that SECI volition besides determination to different countries to assistance them grow successful the renewable sector.