31/07/2026
India Bets Big on Floating Solar With 5 GW National Push
India has taken a major step towards clean energy with the approval of the Pradhan Mantri Surya Sarovar Yojana, a ₹5,070 crore initiative aimed at developing 5 GW of floating solar power projects across reservoirs and water bodies.
Floating solar is emerging as one of the fastest-growing renewable energy segments, offering higher panel efficiency, reduced water evaporation, and minimal land acquisition. The initiative is expected to accelerate India’s energy transition while creating significant opportunities for EPC companies, equipment manufacturers, technology providers, and investors.
With states preparing new project pipelines and tenders expected in the coming months, the floating solar ecosystem could become a key driver of India’s renewable energy growth story.
NewsNowNation will continue tracking the latest developments shaping India’s clean energy future.