New Delhi: In a significant step towards accelerating India’s clean energy transition, the Solar Energy Corporation of India (SECI) has signed a Memorandum of Understanding (MoU) with PTC India Limited to collaborate on renewable energy integration, power markets, battery energy storage systems (BESS), and large-scale clean energy projects.
The partnership is aimed at supporting the transformation of India’s power sector through enhanced grid integration of renewable energy and the development of innovative market-based solutions.
Focus on Clean Energy and Grid Integration
Under the MoU, SECI and PTC India will work jointly on key areas including renewable energy integration into the national grid, development of power markets, deployment of battery energy storage systems, and implementation of large-scale clean energy projects. Officials said the collaboration will help improve grid stability, optimise power dispatch, and support India’s long-term decarbonisation goals.
The agreement reflects the growing need for coordinated efforts between renewable energy developers and power market facilitators as India rapidly expands its renewable energy capacity.
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Strengthening Power Market Mechanisms
The collaboration will also explore opportunities in power trading, market-linked renewable solutions, and emerging energy storage technologies. By combining SECI’s renewable energy expertise with PTC India’s experience in power markets, the partnership is expected to enhance efficiency and reliability across the electricity value chain.
The MoU aligns with the Government of India’s broader push to modernise the power sector using advanced technologies, storage solutions, and market-driven frameworks.
About Solar Energy Corporation of India (SECI)
Solar Energy Corporation of India is a government-owned enterprise under the Ministry of New and Renewable Energy (MNRE). SECI plays a pivotal role in implementing India’s renewable energy programmes, including large-scale solar, wind, hybrid, and energy storage projects. It acts as a nodal agency for renewable energy auctions and supports India’s target of achieving 500 GW of non-fossil fuel capacity.
About PTC India Limited
PTC India Limited is a leading power trading company in the country, providing power trading solutions, cross-border electricity trade, and consultancy services. Its subsidiaries include PTC India Financial Services Limited, which offers financial assistance to power sector companies, and PTC Energy Limited, which develops and operates renewable energy projects. Around 16 percent of PTC India is publicly owned by the Government of India.
