PM Surya Sarovar Yojana: Government approves Rs 5,070 crore
The Union government has given its approval to Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with a total outlay of Rs 5,070 crore. This scheme aims to develop 5,000 MW of floating solar photovoltaic (FSPV) projects with co-located energy storage systems.
The energy storage systems will have a minimum storage capacity of two hours, equivalent to 10,000 MWh. The central government will provide Central Financial Assistance (CFA) of Rs 1 crore per MW for eligible projects after successful commissioning.
Further financial support of up to Rs 50 lakh per project will be provided for feasibility studies, including bathymetry and hydrography assessments, environmental studies and other preparatory activities.