PRADHAN MANTRI SURYA SAROVAR YOJANA (PM-SSY)

News: Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with an outlay of ₹5,070 crore.

Highlights

  • Nodal Ministry: Ministry of New and Renewable Energy (MNRE).
  • Implementing Agency: Solar Energy Corporation of India (SECI).
  • Objective → Expand floating solar capacity, reduce land-use conflicts, conserve water, and improve grid reliability.
  • Aims to promote floating solar power projects with battery storage across reservoirs and inland water bodies.

Key Features

  • Capacity Target → Add 5,000 MW of floating solar capacity (FY 2026–27 to FY 2030–31), increasing India's capacity from ~700 MW to 5,700 MW.
  • Energy Storage → Mandatory 10,000 MWh battery storage with a minimum 2-hour duration.
  • Central Financial Assistance (CFA) → ₹1 crore per MW after project commissioning.
  • Project Support → Up to ₹50 lakh per project for feasibility studies (bathymetry, hydrography, solar yield, ecological assessment).
  • Aatmanirbhar Bharat → Promotes domestic manufacturing of floating platforms, anchoring systems, solar PV modules, and batteries.
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