Cabinet greenlights ₹5,070-crore plan for 5,000 MW floating solar power by 2030-31
GS3Economy · S&T · Environment · Security· Infrastructure (energy, ports, roads, railways)· Prelims + Mains·
Why in news
The Union Cabinet approved the Pradhan Mantri Surya Sarovar Yojana to develop 5,000 MW of floating solar power by 2030-31 to overcome land constraints.
Background
The scheme involves a ₹5,070-crore investment with a subsidy of up to ₹1 crore per MW. It will be implemented by the Solar Energy Corporation of India (SECI) and mandates battery storage for at least two hours.
Facts for Prelims
- SchemePradhan Mantri Surya Sarovar Yojana: A government initiative for floating solar power projects.
- BodySECI (Solar Energy Corporation of India): The nodal agency for implementing the scheme.
- FactTarget capacity: 5,000 MW of floating solar power by 2030-31.
- FactFinancial outlay: ₹5,070 crore with a subsidy of ₹1 crore per MW.
For Mains
Q. Discuss how floating solar power can address the dual challenges of land scarcity and India's ambitious renewable energy targets.
Dimensions to cover in your answer
- mitigation of land-use conflicts
- technological integration of battery storage
- impact on domestic manufacturing and job creation
Keywords: renewable energy · land constraints · energy security · decarbonization · infrastructure development
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