Looking to post solar energy generation capacity, Prime Minister Narendra Modi-led cabinet on Friday approved the Pradhan Mantri Surya Sarovar Yojana (PM-SSY) scheme. The scheme targets establishing 5,000 MW of Floating Solar PV (FSPV) capacity in the country.This is a more than seven-fold increase over the nearly 700 MW installed today, IT minister Ashwini Vaishnaw said. The scheme has been approved for a period of 5 years. It will support up to Rs 1 crore per MW under the scheme with total outlay of Rs 5070 crore.FSPV projects will include a minimum of 2-hour Energy Storage Systems (ESS), totalling 10,000 MWh which will help states manage peak demand, the minister said. The projects will be selected through tariff-based competitive bidding
Benefits of Floating Solar Photovoltaic
The government listed the following benefits of the scheme:
- No additional land acquisition required
- Will create an opportunity to productive use of existing reservoirs, canals and industrial ponds for
solar power generation - Will lower dust levels on the solar panel, meaning fewer soiling losses, reduced cleaning costs and higher sustained generation efficiency
- Will significantly reduces evaporation from the host water body, conserving water for irrigation, industry and drinking supply
- Will open up solar capacity in states that are constrained on land but have large reservoirs and water bodies available
This story is being updated
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
