India Approves Rs 5,070-Crore Scheme for 5,000 MW Floating Solar Power Plants
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The Union Cabinet has approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY), a scheme to enhance India's floating solar power capacity by 5,000 MW. The scheme, with a total outlay of Rs 5,070 crore, aims to harness solar power from water bodies such as dams, lakes, canals, and industrial ponds. Each project will have a minimum energy storage capacity of two hours. The scheme is expected to create jobs and reduce CO₂ emissions.
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