Context: Pradhan Mantri Surya Sarovar Yojana
The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, or PM-SSY, to promote Floating Solar Photovoltaic projects with Energy Storage Systems on reservoirs and inland water bodies.
The scheme aims to expand renewable energy capacity while reducing land pressure and improving grid reliability.
Pradhan Mantri Surya Sarovar Yojana
PM-SSY is a scheme for the development of floating solar projects with energy storage systems.
It will use reservoirs and inland water bodies for solar power generation.
Nodal Ministry
The nodal ministry is the Ministry of New and Renewable Energy.
Total Outlay
The total outlay of the scheme is ₹5,070 crore.
Target
The scheme aims to develop:
- 5,000 MW of Floating Solar Photovoltaic capacity
- 10,000 MWh of Energy Storage Systems
Implementation Period
The scheme will be implemented from FY 2026–27 to FY 2030–31.
Key Features
Central Financial Assistance of ₹1 crore per MW will be provided.
Up to ₹50 lakh per project will be provided for feasibility and environmental studies.
The scheme is applicable across all States and Union Territories.
It will use reservoirs and inland water bodies, reducing the need for land.
Energy Storage Systems will support grid reliability by storing power and supplying it when required.
Significance
The scheme supports India’s renewable energy and climate targets.
It can help reduce carbon emissions.
It promotes domestic manufacturing of:
- Solar photovoltaic modules
- Floating platforms
- Energy storage systems
It also supports Atmanirbhar Bharat.
The scheme is expected to create around 16,000–17,000 full-time equivalent jobs.
Why Floating Solar Matters
Floating solar projects reduce pressure on land.
They can also reduce evaporation from reservoirs.
When combined with storage, they can provide cleaner and more reliable power.
Key Takeaway
PM-SSY links renewable energy expansion with water-body utilisation, energy storage, domestic manufacturing and clean-energy employment.
