Solar Energy Corporation of India

What Solar Energy Corporation of India does

Solar Energy Corporation of India Limited (SECI) is a Navratna Central Public Sector Undertaking (CPSU) under India's Ministry of New and Renewable Energy, incorporated in 2011 and converted to a commercial company in 2015. SECI functions as the primary nodal implementing agency for India's renewable energy expansion, operating as a Category-I Power Trading Licensee that intermediates between renewable energy developers and state-owned distribution companies (DISCOMs). Its core model is tariff-based competitive e-bidding: SECI issues tenders for solar, wind, hybrid (with and without storage), Round-the-Clock (RTC), Firm and Dispatchable Renewable Energy (FDRE), pumped storage, and emerging technologies including battery energy storage, green hydrogen/ammonia, and offshore wind; signs 25-year Power Purchase Agreements with selected developers; and executes back-to-back 25-year Power Sale Agreements with buying utilities. SECI has commissioned approximately 34 GW of renewable energy capacity and crossed 50 GW of PSAs as of FY 2025-26.

Name

Solar Energy Corporation of India

Legal name

Solar Energy Corporation of India Limited

Website

https://seci.co.in

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Solar Energy Corporation of India (SECI) is a Navratna government CPSU that intermediates renewable energy procurement in India, running competitive tenders, signing 25-year PPAs with developers, and selling power to state DISCOMs, having commissioned ~34 GW of RE capacity.

Ownership category

akta.pro rank

Product category

Renewable Energy Trading and Implementation Services

NAICS

Commodity Contracts Intermediation (52316), Electric Power Generation, Transmission and Distribution (2211)

SIC

Commodity Contracts Brokers & Dealers (6221), Electric Services (4911)

akta.pro primary industry

Forecasting, Bidding & Automated Trading (Weather/Production Forecasts, Algo-Bidding) (EUAMAMAI)

akta.pro secondary industry

Virtual Power Plants & Aggregation Market Access (DER Aggregation, Dispatch, Settlement) (EUAMAMAE)

Keywords

• Renewable energy trading
• Solar power development
• Wind power procurement
• Power sale agreements
• Green hydrogen auctions

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

SECI operates as a Category-I Power Trading Licensee and the primary Renewable Energy Implementing Agency in India, aggregating demand from state electricity distribution companies (DISCOMs), running tariff-based competitive e-bidding for solar, wind, hybrid, and energy storage projects, signing 25-year Power Purchase Agreements with selected developers and back-to-back Power Sale Agreements with buyers. It also develops its own renewable energy projects (122.7 MW portfolio), provides project management consultancy to government entities, and conducts procurement auctions for green hydrogen and green ammonia derivatives.

Product overview

SECI operates as a platform for renewable energy procurement and development, not a single unified software product. The company's core offerings include Power Trading Services (as a Category-I Power Trading Licensee), Renewable Energy Project Development through competitive tenders, SECI Owned Projects (122.7 MW self-owned capacity, 34 GW commissioned through tenders), and Project Management Consultancy Services. Emerging areas include Green Hydrogen/Green Ammonia initiatives, Offshore Wind Projects, Energy Storage Systems, and PLI Scheme for Solar Manufacturing. SECI has also established Joint Ventures with state governments for solar power development totaling 10,430 MW across multiple states.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Trading Services
• Renewable Energy Project Development (Tendering)
• SECI Owned Renewable Energy Projects
• Project Management Consultancy Services
• Green Hydrogen and Green Ammonia Procurement
• Offshore Wind Project Auctions
• Energy Storage Systems Tendering
• PLI Scheme Implementation for Solar Manufacturing

Quantifiable outcome

• Nearly 34 GW of renewable energy capacity commissioned through SECI tenders, making it India's largest RE intermediary.
• +5 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Andhra Pradesh Solar Power Corporation Private LimitedcoreStrategic or Co-development PartnerA 50-50 joint venture between SECI and Government of Andhra Pradesh for development of solar power projects. Park capacity of 4,000 MW with 3,300 MW commissioned.
• Karnataka Solar Power Development Corporation LimitedcoreStrategic or Co-development PartnerA 50-50 joint venture between SECI and Government of Karnataka for solar power development. Park capacity of 2,050 MW, fully commissioned.
• Lucknow Power Development Corporation LimitedcoreStrategic or Co-development PartnerA 50-50 joint venture between SECI and Government of Uttar Pradesh for renewable power development. Park capacity of 475 MW with 365 MW commissioned.
• Renewable Power Corporation of Kerala LimitedminorStrategic or Co-development PartnerA 50-50 joint venture between SECI and Government of Kerala for renewable power development. Park capacity of 205 MW with 100 MW commissioned.
• Rewa Ultra Mega Solar LimitedcoreStrategic or Co-development PartnerA 50-50 joint venture between SECI and Government of Madhya Pradesh for ultra mega solar development. Park capacity of 3,700 MW with 2,363 MW commissioned.
• Himachal Renewables LimitedminorStrategic or Co-development PartnerA 50-50 joint venture between SECI and Government of Himachal Pradesh for renewable energy projects.
• Department of Fertilisers, Government of IndiacoreOthersSECI acts as implementing agency for green ammonia procurement under National Green Hydrogen Mission. MoF has set procurement target of 724,000 tonnes per annum of green ammonia, with SECI conducting e-reverse auctions to allocate supply to 13 fertilizer plants. MoF covers cost differential through subsidy mechanism.
• Ministry of New and Renewable Energy (MNRE)coreOthersSECI serves as the primary Renewable Energy Implementing Agency (REIA) designated by MNRE to enable India's RE targets. MNRE assigned other agencies as REIAs as well. SECI's 34 GW commissioned capacity represents the bulk of India's RE growth. MNRE also designated SECI as sole REIA authorized to issue new bids as intermediary, replacing previous four-agency system.
• Ministry of New and Renewable Energy (MNRE)coreOthersSECI designated as implementing agency for Small Hydro Power Development Scheme with 1,500 MW target over FY 2026-27 to 2030-31, with total financial outlay of Rs 2,584.60 crore.
• National Highways Authority of India (NHAI)minorStrategic or Co-development PartnerNHAI partnered with SECI to explore solar deployment along national highways, as part of India's transport sector clean energy transition. SECI is also exploring rail-integrated photovoltaics with Indian Railways.
• National Capital Region Transport Corporation (NCRTC)minorStrategic or Co-development PartnerSECI signed MOU with NCRTC for greening the transportation sector. Under the partnership, SECI facilitates renewable energy supply for NCRTC's Namo Bharat rapid rail network, which has deployed solar-on-track systems.
• Bharat Petroleum Corporation Limited (BPCL)minorStrategic or Co-development PartnerSECI entered MOU with BPCL for greening the transportation sector, supporting BPCL's clean energy initiatives.

Scale indicators10 records

Recent moves6 records

Expansion highlights8 records

Broad incumbents

• NHPC Limited: NHPC is a Navratna government hydropower and renewable energy major implementing 125 MW/500 MWh BESS projects as an SECI implementing-agency counterparty. As a government CPSU pushing its own RE pipeline, NHPC competes with SECI for selected RE mandates and partnership-driven project development.
• ReNew Power: ReNew is a leading independent power producer in solar and wind, with a substantial portfolio of long-term PPAs signed via SECI tenders. As a major developer counterparty, it sits on the supply side of SECI's intermediation platform and influences tender outcomes.
• Adani Green Energy: Adani Green is India's largest private renewable energy developer with multi-GW operational and under-construction RE capacity, much of it under PPAs intermediated by SECI. It represents both a major counterparty and an emerging alternative aggregator of RE demand at utility scale.
• JSW Energy: JSW Energy is a diversified public IPP with a rapidly growing renewable energy portfolio and active participation in SECI's hybrid and FDRE tenders. It is both a counterparty to SECI intermediation and a competitor for bulk RE procurement mandates in India's open-access market.
• Indian Renewable Energy Development Agency (IREDA): IREDA is a government nodal agency under MNRE that finances renewable energy projects, paralleling SECI's nodal-agency mandate. While IREDA is a financier rather than intermediary procurer, both sit at the institutional center of India's RE ecosystem and channel government policy support.

Emerging players

• Greenko Group: Greenko combines large-scale RE generation with pumped storage and round-the-clock clean energy offerings, providing FDRE and storage-backed power increasingly similar to SECI's RTC and FDRE tender products. It represents an emerging private competitor in dispatchable RE aggregation.

Direct peers

• PTC India Limited: PTC India is India's largest power trader, intermediating long-term PPAs between generators and DISCOMs/buyers. It competes with SECI directly for intermediary power procurement mandates from state utilities and bulk consumers across India.
• Manikaran Power Limited: Manikaran is one of India's largest non-utility private power traders, intermediating bilateral and exchange-based power transactions including RE. Its business model of brokering cross-state power contracts between generators and DISCOMs/buyers parallels SECI's intermediary role.
• Tata Power Trading Company: Tata Power's group trading arm procures and trades power including renewable energy across Indian states. It participates in SECI-style tenders and also intermediates bilateral RE PPAs, putting it in direct functional competition with SECI for intermediary volumes.
• NTPC Vidyut Vyapar Nigam (NVVN): NVVN is the power-trading arm of government-owned NTPC and operates as an intermediary procurer similar to SECI. It signs PPAs with RE developers and routes power to distribution utilities, making it the closest direct business-model peer to SECI in India.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/seci_ltd
• Facebookfacebook.com/SeciLimited
• LinkedInlinkedin.com/company/solar-energy-corporation-of-india

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solar Energy Corporation of India