India approves $532M floating solar scheme targeting 5GW deployment

India's government has approved a subsidy program for floating photovoltaic systems paired with battery storage, aiming to deploy 5 gigawatts of capacity through the Pradhan Mantri Surya Sarovar Yojana initiative.

First covered Aug 3, 2026 · 6:54 AM PT · 1 article

India approves $532M floating solar scheme targeting 5GW deployment — Image via pv-tech.org

Coverage

1d PV Tech India approves US$532 million floating solar and storage scheme targeting 5GW deployment — India approves US$531.7 million Pradhan Mantri Surya Sarovar Yojana (PMSSY) scheme for 5GW floating solar PV with co-located BESS deployment.

Primary sources

nise.res.in Nise Floating%20Potential Report 2026 (nise.res.in)

More coverage from around the web

downtoearth.org.in Cabinet Clears Rs 5,070 Crore Pradhan Mantri Surya Sarovar Yojana for 5,000 MW Floating Solar with Battery Storage

kpiasacademy.com Pradhan Mantri Surya Sarovar Yojana | UPSC | KPIAS Academy

organiser.org Cabinet approves Rs 5,070 crore PM Surya Sarovar Yojana

edunovations.com Pradhan Mantri Surya Sarovar Yojana: ₹5070 Crore Floating Solar Energy Scheme Explained - Current Affairs 2026

business-standard.com PM Surya Sarovar Yojana: Cabinet approves ₹5,070 crore scheme for floating solar power projects | Industry News - Business Standard

Appeared in: 2026-08-04 (#17)

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