What are the financial results of Solar Energy Corporation of India?

Solar Energy Corporation of India Limited (SECI), one of the leaders in the Renewable Energy (RE) domain, has declared the Financial Results for FY24 on 02nd August 2024. In FY24, SECI has awarded 8440 MW of RE tenders comprising of Solar, Wind and Hybrid power, which brings the cumulative awarded capacity to 65317 MW.

What is solar energy?

Solar energy is a form of carbon-free, renewable energy, in which sunlight is turned into electricity, heat, or other forms of energy we can use.

Is solar photovoltaics ready to power a sustainable future?

A low energy demand scenario for meeting the 1.5 °C target and sustainable development goals without negative emission technologies. Nat. Energy 3, 515–527 (2018). Victoria, M. et al. Solar photovoltaics is ready to power a sustainable future. Joule vol. 5 1041–1056 (Cell Press, 2021). Nemet, G.

Which energy sector has the lowest LCOE?

In 2020, wind energy has the lowest LCOE in a majority the 70 regions defined in the E3ME-FTT models (Fig. 4). Where this is not the case, solar PV, nuclear or coal dominate. By 2030, this has flipped, in favour in solar power across most of the world (see Supplementary Figs. 2 and 3 for worst/best case maps).

Could solar energy save money?

It could also drive down costs. Already, solar panels themselves account for less than half the cost of large solar farms and a tiny fraction of the cost of small rooftop projects, 7 so lightweight technologies that save on labor, transportation, and land use costs could make solar energy even cheaper and more accessible.

What is the technical potential of solar power?

For solar power (solar PV and CSP), we updated the technical potential as the sum of 71 (utility-scale solar) and 72 (rooftop solar). We did not include a technical potential 57 for application of solar power on water (“floatovoltaics”), as this technology is still in early stages of development.