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.
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- ›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
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