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Pradhan Mantri Surya Sarovar Yojana
August 3 , 2026
14 hrs 0 min
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- The Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) to develop Floating Solar Photovoltaic (FSPV) projects with energy storage systems.
- It is a Central Sector Scheme with an outlay of ₹5,070 crore and aims to develop 5,000 Megawatt (MW) floating solar capacity by 2030-31.
- The scheme supports solar projects on reservoirs and inland water bodies and provides Central Financial Assistance (CFA) of ₹1 crore per MW after project commissioning.
- It includes Energy Storage Systems (ESS) with a minimum storage capacity of two hours (10,000 Megawatt-hour - MWh) to ensure power availability.
- The scheme will be implemented by the Solar Energy Corporation of India (SECI) and is expected to attract around ₹28,500 crore in investment.
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