Solar Energy Corporation of India Limited (SECI) is the foremost Navratna Central Public Sector Undertaking under the administrative control of the Ministry of New and Renewable Energy (MNRE). It was established on 20 September 2011 and is dedicated to the growth and development of Renewable Energy (RE) capacity in India. Vision and Mission of SECI To be the global driving force in energy transformation towards a greener planet, empowering people and organisations to achieve energy security. Mission We believe that renewable energy is the key to building a better future, and we are passionate about making it a reality for everyone. Our mission is: To pioneer energy transformation by developing and deploying accessible, reliable and scalable renewable energy solutions. To innovate, harness, commercialise and accelerate the use of renewable energy across India, including the remotest corners. To be the most trusted partner for all stakeholders and beneficiaries, creating long-term value through responsible and sustainable practices. SECI's instituional functions Established in 2011 for the implementation of the National Solar Mission, SECI’s mandate today spans the full spectrum of renewable energy project facilitation, development, and power trading across India. SECI operates as a designated Renewable Energy Implementing Agency (REIA) for MNRE schemes and functions as a Category-I (highest) power trading licensee under the Central Electricity Regulatory Commission (CERC). SECI’s Institutional Functions: Competitive Bidding for Renewable Energy Projects: SECI conducts tariff-based reverse bidding for grid-connected solar, wind, hybrid, round-the-clock (RTC), and Firm and Dispatchable Renewable Energy (FDRE) projects. Projects are tendered under centrally notified schemes / guidelines and aligned with MNRE’s bidding trajectories. Power Procurement and Trading: SECI signs long-term Power Purchase Agreements (PPAs) with developers and back-to-back Power Sale Agreements (PSAs) with state DISCOMs/ Final off takers. Its role as an intermediary procurer ensures tariff transparency, payment security, and efficient price discovery. Development of Projects Under Own Investment: Beyond its facilitation role, SECI directly invests in renewable projects under EPC mode. The Corporation targets 10 GW of own projects to be awarded by 2030. Energy Storage, Green Hydrogen, and Offshore Wind: SECI is the designated implementing agency for green hydrogen and ammonia procurement, offshore wind leasing, and utility-scale battery energy storage projects. Consultancy and Projects Management for Other Government Entities: SECI undertakes Project Management Consultancy (PMC) for other public sector organisations and state agencies, covering feasibility studies, bid process management, monitoring, verification, and disbursement of Central Financial Assistance (CFA). Implementation of Special Programmes and Regional Models: SECI plays a key role in schemes targeting difficult geographies and system-specific interventions such as Greening of Islands (e.g., Lakshadweep, A&N Islands), High-altitude grid-linked capacity, Integration of BESS with solar in transmission-constrained regions. Source: Solar Energy Corporation of India Limited (SECI)