In the pursuit of sustainable development, securing a stable and eco-friendly energy supply has emerged as a paramount concern for nations worldwide. India, as the third-largest consumer of energy globally, faces a unique set of challenges in navigating the complexities of climate change, geopolitical influences, and the constant flux in oil markets. Solar Energy Corporation of India (SECI) has been taking proactive initiatives to propel the nation’s transition to a more sustainable and resilient energy paradigm.

1. Energy Security

India is the third largest energyconsuming country in the world. It has become one of the largest sources of energy demand growth globally and has made significant progress towards its universal electrification target for residential users. Per capita electricity consumption in India is around a third of the world average but it is expected to increase. Climate change, geopolitical dynamics, and fluctuating oil prices underscore the need for a strategic approach to energy security. The country has made significant strides in universal electrification for residential users but faces ongoing challenges.

II. Transitioning To a Green Future

India’s commitment to a green future is evident in its ambitious targets, including reaching net-zero emissions by 2070 and sourcing fifty percent of electricity from renewable energy by 2030. The Renewable Energy (RE) capacity additions globally are projected to surge, with solar photovoltaic capacity leading the way. The Central Electricity Authority (CEA) estimates the total installed capacity of non-fossil fuel sources in India at 500.64 GW by 2029-30.

III. Current Installed Re Capacity in India

As of October 2023, India has made substantial progress in its renewable energy capacity. Wind power, solar power, small hydropower, and other sources contribute to a cumulative achievement of 132,132.44 MW. This progress aligns with the national goal of increasing the share of renewables in the energy mix.

IV. Role Of Seci in India’s Green Energy Transition

SECI plays a pivotal role in facilitating India’s transition to green energy. Initiatives such as the Strategic Interventions for Green Hydrogen Transition (SIGHT) scheme and the establishment of Battery Energy Storage Systems (BESS) showcase SECI’s commitment to innovation.

SECI’s involvement in the Ultra Mega RE project in Ladakh, with 9 GW of solar and 4 GW of wind-based generation, demonstrates its dedication to largescale, sustainable projects. The organization’s role in implementing the Production Linked Incentive (PLI) Scheme for High-Efficiency Solar PV Modules further strengthens its position as a catalyst for industry development.

SECI’s competitive bidding process, leading to the awarding of over 60 GW of project capacity, is estimated to attract investments exceeding 2.7 Lakh Crores in the Indian RE sector. The organization, acting as an intermediary power procurer, has signed Power Sale Agreements for over 50.392 GW, encompassing solar, wind, hybrid, and round-the-clock RE supply.

India’s energy sector is at a crossroads, with a growing emphasis on renewable energy and sustainability. SECI’s initiatives are instrumental in driving this transition, from green hydrogen projects to energy storage systems and the implementation of innovative schemes. As India continues to progress towards its green energy targets, SECI’s role as a key enabler remains crucial.

Views expressed by R P Gupta (IAS Retd.), Chairman & Managing Director, Solar Energy Corporation of India

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