Pradhan Mantri Surya Sarovar Yojana 2026: Floating Solar Projects

 

The Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) in July 2026.

It focuses on development of Floating Solar Photovoltaic (FSPV) projects with Energy Storage Systems (ESS).

Financial Outlay

₹5,070 crore

Target

  • Floating solar capacity → 5,000 MW

  • Energy storage → minimum 10,000 MWh

  • Storage duration → minimum 2 hours

  • Implementation/sanction period → FY 2026–27 to FY 2030–31.

  • Financial support can continue up to FY 2032–33.

Other Facts

The National Institute of Solar Energy estimated India's floating solar potential at approximately 102.18 GWp across reservoirs and other suitable inland water bodies.

Central Financial Assistance includes:

  • ₹1 crore/MW for eligible projects after commissioning.

  • Up to ₹50 lakh per project for feasibility studies.

Benefits

  • Saves scarce land.

  • Utilises reservoirs and water bodies.

  • Supports grid stability through storage.

  • Promotes domestic manufacturing.

  • Helps reduce CO₂ emissions.

Key Pointers

  • PM-SSY → Floating solar.

  • Outlay → ₹5,070 crore.

  • Target → 5,000 MW.

  • Storage → 10,000 MWh.

  • Ministry → Ministry of New and Renewable Energy.

  • NISE floating solar potential → ~102.18 GWp.