- The Pradhan Mantri Surya Sarovar Yojana can potentially address several barriers that have prevented floating solar from achieving widespread adoption.
- The scheme targets 5,000 MW of floating-solar capacity with a total financial outlay of Rs.5,070 crore.
- It also provides for co-located energy-storage systems with a minimum storage duration of two hours, amounting to 10,000 MWh of cumulative storage capacity.
- A key feature is Central Financial Assistance (CFA) of Rs.1 crore per MW for eligible projects upon commissioning.
- In addition, up to Rs.0.5 crore per project can be provided for preparatory activities such as feasibility studies, hydrographic surveys and environmental assessments.
- This is important because floating-solar projects require detailed assessment of water depth, reservoir-bed characteristics, anchoring requirements, water-level fluctuations, wind and wave conditions, aquatic ecology and electrical infrastructure before construction can begin.
- The scheme also has the potential to stimulate domestic manufacturing, create employment across the floating-solar value chain and encourage wider participation beyond a few large public-sector projects.
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