The story so far
PM Surya Sarovar Yojana
Tracked across 6 sources · Updated 5h ago
India's Cabinet approved the Rs 5,070 crore PM Surya Sarovar Yojana to develop 5,000 MW floating solar projects with 10,000 MWh storage. The scheme spans five years, supporting up to Rs 1 crore per MW, aiming to utilize floating solar potential.
How it unfolded
2d ago
Cabinet approves Rs 5,070 crore floating solar scheme
What happened earlier
Latest updates
Latest
Full story →Solar plants will now float on water: Cabinet approves Rs 5,070 crore PM Surya Sarovar Yojana – All you need to know
The Union Cabinet approved the Rs 5,070 crore PM Surya Sarovar Yojana.
The scheme will develop 5,000 MW of floating solar capacity along with 10,000 MWh of energy storage.
The initiative aims to boost renewable energy generation by utilizing water bodies for solar panels.
Earlier · 2d ago
Full story →PM Surya Sarovar Yojana: Cabinet approves Rs 5,070 crore scheme for floating solar projects
The Union Cabinet approved the PM Surya Sarovar Yojana (PM-SSY) to establish 5,000 MW of Floating Solar PV (FSPV) capacity in India.
The scheme has a total outlay of Rs 5,070 crore and will support up to Rs 1 crore per MW, over a period of 5 years.
FSPV projects will include a minimum of 2-hour Energy Storage Systems (ESS), totaling 10,000 MWh to help states manage peak demand.
Projects will be selected through tariff-based competitive bidding, and the scheme aims to increase India's floating solar capacity from nearly 700 MW to 5,000 MW.
Earlier · 2d ago
Full story →Cabinet clears Rs 5,070-crore floating solar scheme, targets 5 GW capacity
The Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana.
The scheme is funded with Rs 5,070 crore.
It targets 5,000 MW (5 GW) of floating solar projects.
The projects will be integrated with 10,000 MWh of energy storage.
Earlier · 1d ago
Full story →Govt clears floating solar capacity boost, PM-Kisan extension
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved extending the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme until FY31 with an outlay of ₹3.15 lakh crore.
The Cabinet cleared the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) to develop 5,000 MW of floating solar capacity with battery storage, with a ₹5,070-crore outlay.
PM-SSY projects will include a minimum energy storage capacity of two hours (10,000 MWh), and Central Financial Assistance of ₹1 crore per MW will be provided after commissioning.
An additional CFA of up to ₹50 lakh per project is available for feasibility studies, including bathymetry and hydrography assessments.
The floating solar scheme is expected to reduce around 10 million tonnes of carbon dioxide emissions annually and generate about 16,000-17,000 full-time equivalent jobs.
