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.
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- ›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).
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