Cabinet approves PM Surya Sarovar Yojana for 5,000 MW of floating solar with storage
Key facts
- The Cabinet approved the PM Surya Sarovar Yojana with an outlay of ₹5,070 crore.
- It targets 5,000 MW of floating solar projects on reservoirs and ponds.
- Each project must have batteries storing at least two hours of power.
- The Centre gives ₹1 crore per MW after a project is commissioned.
- Projects will be sanctioned from 2026-27 to 2030-31.
Why it matters
[Environment] Floating solar panels sit on water, so they need no farmland. The water also cools the panels and cuts evaporation. Storage lets the power be used after sunset.
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