📷 Image: Wikimedia Commons / NASA Earth Observatory images by Lauren Dauphin, u
Sarkari Yojana
India Allocates ₹5,000 Crore for Floating Solar Projects
✍️ The Times of India
🗓 01 Aug 2026, 10:36 AM
👁 9
The Indian government has earmarked ₹5,000 crore to boost the deployment of floating solar plants across the country.
The Ministry of New and Renewable Energy announced a ₹5,000 crore allocation to accelerate the deployment of floating solar plants across India. Floating solar technology places photovoltaic panels on water bodies, reducing land use and improving efficiency.
The funding will support research, development and scaling of the technology, enabling private developers and state governments to install floating arrays on lakes, reservoirs and other water bodies. It also helps curb water evaporation and contributes to water conservation.
This initiative aligns with the government's target to expand renewable capacity and cut carbon emissions. By investing in floating solar, India aims to harness untapped solar potential while preserving valuable land resources.
The allocation will be distributed through the Ministry of New and Renewable Energy, with oversight to ensure projects meet technical and environmental standards. The move is expected to speed up the rollout of floating solar projects nationwide.
The funding will support research, development and scaling of the technology, enabling private developers and state governments to install floating arrays on lakes, reservoirs and other water bodies. It also helps curb water evaporation and contributes to water conservation.
This initiative aligns with the government's target to expand renewable capacity and cut carbon emissions. By investing in floating solar, India aims to harness untapped solar potential while preserving valuable land resources.
The allocation will be distributed through the Ministry of New and Renewable Energy, with oversight to ensure projects meet technical and environmental standards. The move is expected to speed up the rollout of floating solar projects nationwide.