India's Cabinet Approves ₹5,070 Crore 'Prime Minister Suryasarovar Yojana' for Floating Solar Projects
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The Central Cabinet, led by Prime Minister Narendra Modi, has approved the 'Prime Minister Suryasarovar Yojana' (PM-SSY) with a total budgetary outlay of ₹5,070 crore. The scheme aims to develop 5,000 MW of Floating Solar PV projects with co-located Energy Storage Systems of at least 10,000 MWh storage capacity. This initiative is expected to provide energy security to the country while also boosting environmental conservation.
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