SECI to Invest ₹180 Billion in Renewable Energy Expansion and Plans IPO by 2025

SECI pledges ₹180 billion investment in renewable energy expansion by 2030 and announces plans for an IPO in the next two years, supporting India's 500 GW clean energy target.

The state-owned Solar Energy Corporation of India (SECI) has announced a significant investment of ₹180 billion ($2.16 billion) in equity for renewable energy capacity expansion by 2030. This bold move aligns with India’s aggressive clean energy targets, as the nation aims to add 500 GW of renewable energy by 2030 to reduce carbon emissions.

In addition to its investment pledge, SECI has revealed plans to go public within the next one to two years. The IPO is expected to provide a significant boost to SECI’s capital for further expansion in the green energy sector. This announcement follows the footsteps of NTPC Green Energy, a unit of NTPC, which recently filed draft papers for its own IPO worth up to $1.19 billion.

SECI’s Role in India’s Clean Energy Push

SECI’s commitment is part of India’s broader efforts to become a global leader in renewable energy. The government’s ambitious plans include cutting carbon emissions and transitioning to a low-carbon economy by leveraging solar, wind, and other clean energy sources. With large power producers actively increasing their investments in renewables, SECI’s equity infusion will accelerate the development of new projects and support the country’s decarbonization goals.

IPO to Fuel Growth and Innovation

SECI’s forthcoming initial public offering (IPO) is expected to open up opportunities for public and institutional investors to participate in India’s green energy transition. The proceeds from the IPO will likely be used to fund new renewable energy projects, including large-scale solar and wind installations, driving innovation in the sector.

A Step Toward 500 GW by 2030

India’s commitment to achieving 500 GW of renewable energy by 2030 is a monumental task, but SECI’s investment signals strong support for this objective. By boosting equity and expanding its renewable energy portfolio, SECI is setting the stage for India to lead the global shift towards clean, sustainable energy solutions.