International Finance Corporation (IFC) will provide advisory support and assist the Solar Energy Corporation of India Limited (SECI), Ministry of New and Renewable Energy, Government of India in identifying and developing multiple renewable energy projects, including ground-mounted solar projects in States with underdeveloped potential and innovative projects such as floating solar, hybrid, energy storage and possibly off-shore wind projects across multiple States, through Public-Private Partnership (PPP) transactions. The successful implementation of the project is expected to result in clean power generation, avoidance of greenhouse gas emissions, and mobilization of private sector investment in the renewable energy sector.

IFC will also help SECI in competitive bidding for the selection of private sector developers for the installation and operation of renewable energy projects to be identified.