Deals Counterparts

Solar Energy Corporation of India Limited (SECI)

company 1 Deal

Solar Energy Corporation of India Limited (SECI) is a New Delhi-based public sector undertaking under India's Ministry of New and Renewable Energy. It acts as the primary nodal agency for implementing renewable energy schemes and conducting competitive bidding for utility-scale solar, wind, hybrid, and green hydrogen projects across India, having facilitated over 58 GW of capacity.

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Founded 2011 Parent: Ministry of New and Renewable Energy (MNRE), Government of India
Public Sector Undertaking (Renewable Energy)DeveloperOfftakerGovernment

Strategic Overview

  • Plays a critical role in achieving India's ambitious renewable energy targets by acting as a central procurement agency.
  • Actively promotes and facilitates the development of new and emerging renewable energy technologies, including green hydrogen and hybrid projects.
  • Reduces off-taker risk for developers by acting as a central counterparty for Power Purchase Agreements (PPAs).

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Investment Focus

Technologies
Hybrid1
Geography
India1

Key People

Shri R. P. Gupta
Chairman & Managing Director (Additional Charge)
Shri Sanjay Sharma
Director (Power Systems)
Shri Mahendra Singh
Director (Finance)

Track Record

58,000
MW Total
13
Years Active
Notable projects: Facilitation of utility-scale solar parks, ISTS-connected wind and solar projects, Green Hydrogen projects

Detailed Analysis

Technologies
Solar PVOnshore WindWind-Solar HybridBattery StorageGreen Hydrogen
Sectors
Energy TransitionUtilities
Geographies
India
Deal Stage
GreenfieldOperating
Deal Structure
Competitive BiddingPower Purchase Agreements (PPAs)

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Track Solar Energy Corporation of India Limited (SECI)