MNRE plans new scheme for floating solar power projects with battery storage, seeks up to Rs 8,000 crore VGF from Finance Ministry
Published on: Dec. 4, 2025, 5 p.m. | Source: The Tribune
The Ministry of New and Renewable Energy (MNRE) is preparing to launch a new scheme for floating solar power projects equipped with battery storage systems. According to Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, the ministry has approached the Finance Ministry seeking budget approval and viability gap funding (VGF) worth Rs 7,000-8,000 crore for the initiative.
