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Cabinet Clears PM-SSY: ₹5,070 Cr for 5,000 MW Floating Solar with Mandatory Storage

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains HighStatic GK Link
01 Aug 2026
~2 min
Source: The Hindu
Key Data:₹5,070 crore outlay5,000 MW target₹1 crore per MW CFA2-hour storage mandatory10,000 MWh total storage~0.7 GW installed
Bodies:SECINISEMNRE
Practice MCQs from today's news ▸
What This Article Covers

1.PM-SSY approved: Central sector scheme for 5,000 MW floating solar (FSPV) on reservoirs; outlay ₹5,070 crore with CFA up to ₹1 crore per MW.

2.Mandatory 2-hour energy storage (total 10,000 MWh) per project to shift power to peak demand and reduce curtailment.

3.India's floating solar potential is 102 GW vs ~0.7 GW installed; Maharashtra (16.28 GWp) and Madhya Pradesh (14.89 GWp) lead state-wise potential.

The Big Picture
Prelims · HighMains · High

The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) to build 5,000 MW of floating solar capacity on India's reservoirs with a ₹5,070 crore outlay. Each project must include a 2-hour energy storage system, addressing both land scarcity and grid curtailment issues. This is a high-exam-relevance scheme linking energy transition, climate pledges (500 GW non-fossil by 2030), and decentralized solar deployment.

Exam Lens

Quick Exam Facts From News

Scheme NamePradhan Mantri Surya Sarovar Yojana (PM-SSY)
Total Outlay₹5,070 crore
Target Capacity5,000 MW
CFA per MWUp to ₹1 crore (post-commissioning)
Mandatory StorageMinimum 2 hours; total 10,000 MWh
Implementing AgencySolar Energy Corporation of India (SECI)
Current Installed FSPV~0.7 GW
Estimated Investment~₹28,500 crore
CO₂ Abatement~10 million tonnes annually
Top State PotentialMaharashtra (16.28 GWp)

1-Minute Revision

  • ›Scheme Name: Pradhan Mantri Surya Sarovar Yojana (PM-SSY)
  • ›Total Outlay: ₹5,070 crore
  • ›Target this Data: PM-SSY outlay ₹5,070 crore; target 5,000 MW; CFA ₹1 crore/MW; mandatory 2-hour storage (10,000 MWh total).
  • ›Target this Nodal Body: Solar Energy Corporation of India (SECI) is the implementing agency; Ministry of New and Renewable Energy (MNRE) is the administrative ministry.
  • ›Target this Legal Point: Central Sector Scheme (fully funded by Centre, not Centrally Sponsored).

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which implementing agency is responsible for executing the Pradhan Mantri Surya Sarovar Yojana (PM-SSY)?

Q2Statement-basedHard

Consider the following statements regarding the Pradhan Mantri Surya Sarovar Yojana (PM-SSY):

1. It is a centrally sponsored scheme where states share the cost.

2. Each project must be paired with an energy storage system of at least two hours.

3. The scheme offers Central Financial Assistance (CFA) of up to ₹1 crore per MW, released after commissioning.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What is the total estimated investment that the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) is expected to attract, according to the government?

Q4Application/ImpactMedium

What is the primary objective of mandating energy storage with each floating solar project under PM-SSY?

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