The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) for the development of floating solar photovoltaic projects with Energy Storage Systems. Addressing media in New Delhi after the Union Cabinet meeting today, Information and Broadcasting Minister Ashwini Vaishnaw said that the scheme has been approved with a total outlay of 5,070 crore rupees. He said, the scheme envisages the development of 5000 for productive Mega Watt of Floating Solar Photovoltaic projects with co-located Energy Storage Systems having a minimum storage capacity of two hours totalling ten thousand MWh. Mr Vaishnaw said that for this no additional land acquisition is required and it will create an opportunity for productive use of existing reservoirs, canals and industrial ponds. The duration of the scheme will of five years.
News On AIR | July 31, 2026 5:14 PM
Pradhan Mantri Surya Sarovar Yojana to use existing reservoirs, canals and industrial ponds: MIB
