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PM-SSY Approves ₹5,070 Cr for 5,000 MW Floating Solar, Targets 102 GW Potential

Target:UPSC GS-IIIMPSCSSC GATeachingPrelims HighMains MediumStatic GK Link
23 Aug 2026
~2 min
Source: Indian Express
Key Data:5,000 MW₹5,070 Cr10,000 MWh102 GW700 MW2 hours
Bodies:NTPCNational Institute of Solar EnergyCenter for Study of Science, Technology and Policy
Practice MCQs from today's news ▸
What This Article Covers

1.PM-SSY is India's first dedicated national scheme to scale up floating solar, with a target of 5,000 MW and a total outlay of ₹5,070 crore.

2.The scheme provides ₹1 crore per MW as central financial assistance, plus additional support for feasibility studies, and is operational until 2032-33.

3.India's current floating solar capacity is only 700 MW, but the potential is estimated at 102 GW, offering a massive opportunity for land-neutral solar growth.

The Big Picture
Prelims · HighMains · Medium

India has launched the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with a ₹5,070 crore outlay to develop 5,000 MW of floating solar capacity, aiming to utilise the country's 102 GW potential without consuming land. This scheme is critical for land-neutral renewable expansion, offering central financial assistance and promoting energy storage to ensure grid stability.

Exam Lens

Quick Exam Facts From News

Scheme NamePradhan Mantri Surya Sarovar Yojana (PM-SSY)
Target Capacity5,000 MW
Total Outlay₹5,070 crore
Storage Capacity10,000 MWh (2 hours)
Current Floating Solar Capacity700 MW
Floating Solar Potential102 GW

1-Minute Revision

  • ›Scheme Name: Pradhan Mantri Surya Sarovar Yojana (PM-SSY)
  • ›Target Capacity: 5,000 MW
  • ›Target this Data: 5,000 MW target, ₹5,070 crore outlay, 102 GW potential, 700 MW current capacity
  • ›Target this Nodal Body: Ministry of New and Renewable Energy (MNRE) – implements PM-SSY
  • ›Target this Legal Point: PM-SSY is a Central Sector Scheme (not Centrally Sponsored) – CFA provided directly

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 ministry is primarily responsible for implementing the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) for floating solar?

Q2Statement-basedHard

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

1. The scheme aims to develop 5,000 MW of floating solar projects with a total outlay of ₹5,070 crore.

2. It provides central financial assistance of ₹1 crore per MW, but no additional support for feasibility studies.

3. The scheme includes a requirement for co-located energy storage with a minimum capacity of 2 hours.

Which of the statements given above is/are correct?

Q3Data-centricMedium

According to the article, what is the current installed floating solar capacity in India as of 2026?

Q4Application/ImpactMedium

What is the primary objective of the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) as highlighted in the news?

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