Pradhan Mantri Surya Sarovar Yojana:
The Union Cabinet approved the ‘Pradhan Mantri Surya Sarovar Yojana (PM-SSY)’.
- Pradhan Mantri Surya Sarovar Yojana is a scheme for the development of Floating Solar Photovoltaic (FSPV) Projects with Energy Storage Systems (ESS).
- It envisages the development of 5,000 MW of Floating Solar Photovoltaic projects with co-located Energy Storage Systems.
- The projects will be sanctioned during FY 2026-27 to FY 2030-31, with disbursement of financial support continuing up to FY 2032-33.
- It would enhance the floating Solar PV capacity in the country by 5,000 MW, which is presently around 700 MW only.
- It would provide an opportunity to gainfully utilize existing reservoirs & industrial ponds, and eliminate competition for scarce land resources.
- The integration of an energy storage system will help strengthen grid reliability.
- It would help in the reduction of around 10 million tonnes of CO₂ emissions
- It would help in the generation of approximately 16,000–17,000 full-time equivalent employment opportunities across the project value chain.
- The scheme would also promote domestic manufacturing of floatation systems as well as the entire value chain of the projects.
