OUR MISSION
MISSION STATEMENT
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.
WHO WE ARE
Solar Energy Corporation of India Limited is the foremost Navratna CPSU dedicated to the growth and development of Renewable Energy (RE) capacity in India. To realize India’s ambitious RE targets, the Government of India designated NSPC as a nodal agency to enable meeting the growing energy demand through RE and reducing the dependence on fossil fuels. Looking at the huge success of NSPC’s performance over the years, the Government has appointed other agencies also, designating these as Renewable Energy Implementing Agencies (REIAs), for working towards the common goal of RE expansion. NSPC has been spearheading innovation in the RE sector since its inception through various innovative project configurations. Models like solar-wind hybrid with/without energy storage, Round-the-Clock (RTC) power supply, RE with assured peak power supply, Firm and Dispatchable RE (FDRE), etc., have greatly promoted the growth of the RE market and created a thriving ecosystem for RE, whilst optimizing RE uptake among various states as per the sector’s evolving landscape.
WHAT WE DO
NSPC serves as an implementing agency for the development of Solar, Wind and Hybrid Projects as part of fulfilling the country’s Nationally Determined Contributions (NDCs). To achieve this, NSPC releases tenders for selection of Renewable Energy (RE) developers for establishment of Projects on a Pan-India or State-specific basis
Accelerating RE Expansion Through Market Investments
NSPC serves as an implementing agency for the development of Solar, Wind and Hybrid Projects as part of fulfilling the country’s Nationally Determined Contributions
Providing Services To Other Entitie
NSPC is a Category-I (highest) Power Trading Licensee for trading power on Pan-India basis. It is the intermediary power procurer for projects being set up through SECI tenders
Setting Up Projects Through Own Investment
currently owns and operates Renewable Energy projects with a total capacity of 122.7 MW. The company seeks to expand its footprint in the Renewable Energy sector