Scheme

Pradhan Mantri Surya Sarovar Yojana (PM-SSY)

GS3 Energy - Renewable energyGS3 Environment and climatePrelims and Mains

In the news since 31 July 2026 · last on 2 August 2026

Why in news
On 31 July 2026 the Government approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) for 5,000 MW of floating solar with energy storage; PIB explained it on 2 August 2026.
What it is
PM-SSY is a central scheme to build floating solar photovoltaic plants on existing reservoirs and industrial ponds, paired with co-located battery storage. It aims to save land and improve grid reliability while building domestic manufacturing of floats, cells, modules and storage.
Storage
Storage must be at least two hours, equal to 10,000 MWh, to help states manage peak demand.
Outlay and period
₹5,070 crore, implemented over FY 2026-27 to FY 2030-31.
Basis
Based on a National Institute of Solar Energy (NISE) assessment estimating about 102.18 GWp floating solar potential.
Eligibility
All States and Union Territories can benefit.
Target capacity
5,000 MW of floating solar with co-located storage of at least two hours, i.e. 10,000 MWh.
Outlay
Total outlay is Rs.5,070 crore.
Timeline
Projects are sanctioned from FY 2026-27 to FY 2030-31; payments continue up to FY 2032-33.

Don’t confuse with PM-SSY vs PM-KUSUM vs PM Surya Ghar: PM-SSY is floating solar on water bodies with storage; PM-KUSUM covers farm solar pumps and feeder solarisation; PM Surya Ghar is household rooftop solar.

Don’t confuse with PM-SSY vs PM-KUSUM: PM-SSY funds floating solar with storage on water bodies. PM-KUSUM supports solar pumps and farm-linked solar for farmers.

Don’t confuse with FSPV vs ground-mounted solar: Floating solar sits on water bodies and saves land; ground-mounted plants need land.

Schemes: 52 Prelims questions since 2013, 10 in Prelims 2026 alone. They test features, the period and who funds it. In Mains, 33 news-triggered questions, mostly GS3.

Test yourself

Worth revising until Prelims 2028: most news questions come within two years of the event.

Each time it was in the news

  1. 2 August 2026

    On 31 July 2026 the Government approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) for 5,000 MW of floating solar with energy storage; PIB explained it on 2 August 2026.

  2. 31 July 2026

    On 31 July 2026, the Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) with an outlay of Rs.5,070 crore for floating solar projects with energy storage.