The Hindu·3 min read·medium
Cabinet approves scheme to promote ‘floating’ solar plants
J
Jacob Koshy
✦AI Summary
The Indian Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana, a ₹5,070-crore scheme to promote floating solar power plants on water bodies. The program aims to reach 5,000 MW of capacity by 2030-31 while requiring integrated battery storage to manage peak demand.
The Union Cabinet on Friday (July 31, 2026) approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a ₹5,070-crore scheme aimed at accelerating floating solar power by providing central financial assistance (CFA) of up to ₹1 crore per MW for projects installed on reservoirs and other water bodies.
environmenteconomyscience
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in