Company type | Public sector undertaking |
---|---|
Industry | Solar energy |
Founded | 9 September 2011 |
Headquarters | 6th Floor, Plate-B, NBCC Office Block Tower-2, East Kidwai Nagar, New Delhi - 110023 , India [1] |
Area served | India |
₹ 511 crore (2023) | |
Parent | Ministry of New and Renewable Energy |
Website | www |
Solar Energy Corporation of India Ltd. (SECI) is a public sector company of the Ministry of New and Renewable Energy, Government of India, established to facilitate the implementation of the National Solar Mission (NSM). [2] The company's mandate has been broadened to cover the entire renewable energy domain and the company will be renamed to Renewable Energy Corporation of India (RECI). [3] [4] The company attained Navratna status in 2024, which allows the organisation to undertake substantial investments of up to ₹1,000 crore without needing approval from the Centre.
The company is responsible for implementation of a number of government schemes, [5] major ones being the VGF schemes for large-scale grid-connected projects under NSM, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes such as defence scheme, solar canals, and Indo-Pak border scheme.
In addition, SECI has ventured into solar project development on turnkey basis for several PSUs. [6] The company also has a power-trading licence and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it. [7] IREDA, REC and Tusco Ltd. are some of the public sector rivals in the same space.
SECI was incorporated in year 2011 as not for profit company (Sec. 25 of Companies Act, 1956) and converted to a commercial company in 2015 (Sec. 3 of Companies Act, 2013). SECI releases tenders for the selection of Renewable Energy (RE) developers for the establishment of Projects on a Pan-India or State-specific basis. The selection process for successful bidders is conducted through a tariff-based competitive e-bidding procedure. [8]
SECI invited bids to setup 2000MW inter-state grid connected solar power projects. SECI will be paid 265$ million USD under this tender.
Though SECI was not meant to make profits, it made profits of ₹12 crores in 2014–15 following which the Union Cabinet under the chairmanship of Prime Minister Narendra Modi gave its approval to the SECI to:
The major impact of the decision will be:
India is the third largest producer of electricity in the world. During the fiscal year (FY) 2023–24, the total electricity generation in the country was 1,949 TWh, of which 1,734 TWh was generated by utilities.
Power Grid Corporation of India Limited is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. It is engaged mainly in transmission of bulk power across different states of India. It is headquartered in Gurugram. Power Grid transmits about 50% of the total power generated in India on its transmission network.
Patoda is a tehsil in Beed subdivision of Beed district, Maharashtra state, India. Patoda has historical and cultural importance, and it lies amidst other places which are of great interest to the tourists and history lovers.
The Ministry of New and Renewable Energy (MNRE) is a ministry of the Government of India, headed by current Union Cabinet Minister Pralhad Joshi, that is mainly responsible for research and development, intellectual property protection, and international cooperation, promotion, and coordination in renewable energy sources such as wind power, small hydro, biogas, Battery Energy Storage and solar power.
Solar power in India is an essential source of renewable energy and electricity generation in India. Since the early 2000s, India has increased its solar power significantly with the help of various government initiatives and rapid awareness about the importance of renewable energy and sustainability in the society. In order to decrease carbon dioxide emissions, reduce reliance on fossil fuels, with coal being the primary source of electricity for the nation at present, bolster employment, economy and make India energy independent by making self-reliant on renewable energy, the Ministry of New and Renewable Energy was formed in 1982 to look after the country's activities to promote these goals. These collaborative efforts, along with global cooperation with the help of International Solar Alliance (ISA) since 2015 for promoting solar energy worldwide while also taking care of India, have made India one of the world's fastest adopters of solar power, making it the third-largest producer of solar power globally as of 2024, after China and the United States.
NHPC Limited is an Indian public sector hydropower company that was incorporated in 1975 to plan, promote and organise an integrated and efficient development of hydroelectric power. Recently it has expanded to include other sources of energy like solar, geothermal, tidal, and wind.
The Renewable Energy Sources Act or EEG is a series of German laws that originally provided a feed-in tariff (FIT) scheme to encourage the generation of renewable electricity. The EEG 2014 specified the transition to an auction system for most technologies which has been finished with the current version EEG 2017.
India is the world's 3rd largest consumer of electricity and the world's 3rd largest renewable energy producer with 40% of energy capacity installed in the year 2022 coming from renewable sources. Ernst & Young's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked India 3rd behind USA and China. In FY2023-24, India is planning to issue 50 GW tenders for wind, solar and hybrid projects. India has committed for a goal of 500 GW renewable energy capacity by 2030.
REC Limited, formerly Rural Electrification Corporation Limited, is an Indian public sector company which finances and promotes power projects across India. It provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. It is a subsidiary of Power Finance Corporation (PFC) and is under the administrative control of the Ministry of Power, Government of India.
The National Solar Mission is an initiative of the Government of India and State Governments to promote solar power. The mission is one of the several policies of the National Action Plan on Climate Change. The program was inaugurated as the Jawaharlal Nehru National Solar Mission by former Prime Minister Manmohan Singh on 11 January 2010 with a target of 20 GW by 2022. This was later increased to 100 GW by Prime Minister Narendra Modi in the 2015 Union budget of India. India increased its utility solar power generation capacity by nearly 5 times from 2,650 MW on 26 May 2014 to 12,288.83 MW on 31 March 2017. The country added 9,362.65 MW in 2017–18, the highest of any year. The original target of 20 GW was surpassed in 2018, four years ahead of the 2022 deadline.
NTPC Limited, formerly known as National Thermal Power Corporation, is an Indian central Public Sector Undertaking (PSU) under the ownership of the Ministry of Power and the Government of India, who is engaged in the generation of electricity and other activities. The headquarters of the PSU are situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.
Sembcorp Energy India Limited (SEIL) is a leading independent power producer (IPP) in India. Formerly known as Thermal Powertech Corporation India Limited, SEIL owns 100% of both Sembcorp Gayatri Power Limited and Sembcorp Green Infra Limited.
Power sector of Andhra Pradesh is divided into 4 categories namely Regulation, Generation, Transmission and Distribution. Andhra Pradesh Electricity Regulatory Commission (APERC) is the regulatory body. APGENCO deals with the electricity production and also maintenance, proposes new projects and upgrades existing ones as well. The APGENCO also set up a Special Purpose Vehicle (SPV), named as Andhra Pradesh Power Development Company Limited (APPDCL), a joint venture company of APGENCO and IL&FS to set up Krishnapatanam thermal power project.
ReNew Energy Global plc is a decarbonisation solutions company based in India. It is the first Indian renewable energy company to be listed on NASDAQ. ReNew operates more than 140 projects spread across nine states in India. The company provides decarbonisation solutions through a mix of green hydrogen, data-driven solutions, storage, manufacturing, and carbon markets.
Ultra Mega Solar Power Projects, also known as Ultra Mega Solar Parks, are a series of solar power projects planned by the Ministry of New and Renewable Energy of the Union Government of India. Each power project has a minimum capacity of 500 MW.
Shakti Sthala, also called Pavagada Solar Park is a solar park covering an area of 53 square kilometres in Pavagada taluk, Tumkur district, Karnataka. Completed in 2019, the park has a capacity of 2,050 MW. As of April 2021, it is the world's third largest photovoltaic solar park after the 2,245 MW Bhadla Solar Park in Rajasthan and 2,200 MW Huanghe Hydropower Hainan Solar Park in China. It is the second largest in India.The total project cost was ₹14,800 crore.
Kadapa Ultra Mega Solar Park is a solar park spread over a total area of 5,927.76 acres (23.9888 km2) in the Mylavaram mandal of Kadapa district, Andhra Pradesh.
Adani Green Energy Limited (AGEL) is an Indian renewable energy company, headquartered in Ahmedabad, India. It is majority-owned by Indian conglomerate Adani Group and minority-owned by TotalEnergies. The company operates Kamuthi Solar Power Project, one of the largest solar photovoltaic plants in the world.
National Action Plan for Climate Change (NAPCC) is a Government of India's programme launched in 2008 to mitigate and adapt to the adverse impact of climate change. The action plan is designed and published under the guidance of Prime Minister’s Council on Climate Change (PMCCC). The 8 sub-missions aimed at fulfilling India's developmental objectives with focus on reducing emission intensity of its economy. The plan will rely on the support from the developed countries with the prime focus of keeping its carbon emissions below the developed economies at any point of time. The 8 missions under NAPCC are as follows:
Dholera Solar Park is a planned, large scale solar project in Dholera Special Investment Region (DSIR), Gujarat. It is categorised as an Ultra Mega Solar Power Project, by the Ministry of New and Renewable Energy of the Central Government of India; the capacity will be 5 GW by 2030.