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					</table><p>The Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/" target="_blank" rel="noopener">MNRE</a>) has assessed India’s floating solar potential at over 102.18 GW and said it is working on a dedicated program to promote floating solar deployment nationwide.</p>
<p><a href="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/06/MNRE-statewise-floating-solar.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-96298 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/06/MNRE-statewise-floating-solar.png" alt="State-wise Floating Solar Potential Assessment" width="549" height="835" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/06/MNRE-statewise-floating-solar.png 549w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2026/06/MNRE-statewise-floating-solar-197x300.png 197w" sizes="auto, (max-width: 549px) 100vw, 549px" /></a></p>
<p>Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution, Pralhad Venkatesh Joshi, released the Report on Floating Solar PV Potential Assessment of India on June 10, 2026. The report takes India’s total assessed solar potential to 3,445 GW.</p>
<p>Floating solar projects use water surfaces, such as reservoirs and other bodies of water, to host solar systems. Joshi said reservoirs and other water bodies are emerging as assets for clean energy generation through floating solar projects.</p>
<p>Joshi also launched an online portal for the Small Hydro Power Development Scheme. He said the portal would improve transparency and implementation efficiency and described it as the first major policy intervention in the small hydro sector since 2017.</p>
<p>According to Joshi, India’s non-fossil fuel capacity increased from 81 GW in 2014 to 288 GW, while solar capacity rose from 2.8 GW to 155 GW. He also said domestic solar module manufacturing capacity had reached 192 GW and cell manufacturing capacity had reached 30 GW.</p>
<p>The National Institute of Solar Energy (<a href="https://nise.res.in/" target="_blank" rel="noopener">NISE</a>) and the Military Engineering Services also exchanged a memorandum of understanding to promote solar energy across defense establishments. Under the collaboration, NISE will provide technical support for planning, implementation, and monitoring of renewable energy projects.</p>
<p>Earlier this year, MNRE <a href="https://www.mercomindia.com/mnre-tells-states-to-identify-sites-for-floating-solar-project-development" target="_blank" rel="noopener">sought</a> feedback from the states on the draft reports prepared by the NISE and the Indian Institute of Technology Roorkee on the potential of floating solar and the policy framework.</p>
<p>The documents assess India’s floating solar potential and propose a policy framework covering site identification, project execution guidelines, stakeholder roles, approvals, scheduling, and measures to reduce risks for developers and investors.</p>
<p>Deepak Ushadevi, MD and CEO at Ciel et Terre Solar, noted that floating solar is set to <a href="https://www.mercomindia.com/standardization-and-innovation-key-to-floating-solar-expansion-interview?utm_source=chatgpt.com" target="_blank" rel="noopener">become</a> a major driver of India’s renewable energy growth, not just a niche segment offering key advantages over ground-mount systems, such as no land acquisition requirements, faster scalability, and higher generation.</p>


India Identifies Over 102 GW Floating Solar Potential


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					</table><p>The government has moved the target year to install 500 GW of non-fossil energy capacity to 2031-32 from 2030, Union Minister for <a href="https://powermin.gov.in/" target="_blank" rel="noopener">Power</a> and <a href="https://mnre.gov.in/" target="_blank" rel="noopener">New &amp; Renewable Energy</a> R K Singh has informed Parliament.</p>
<p>Prime Minister Narendra Modi <a href="https://www.mercomindia.com/india-become-carbon-neutral-2070" target="_blank" rel="noopener">announced</a> India’s commitment to achieving the milestone at the COP26 Summit in Glasgow, Scotland, in November 2021. He had also said India aimed to become a carbon-neutral economy by 2070.</p>
<p>Since then, the Power Minister has consistently maintained that the 2030 target would be reached even before the deadline. He went on record to say that India would have achieved 50% of its power generation capacity from renewable sources in 2023 itself if the country had not lost two years due to the COVID-19 pandemic.</p>
<p>The 500 GW target year could have been reset because solar and wind power installations have not been keeping pace with the yearly targets, even while electricity demand has been burgeoning.</p>
<p>For instance, in the first nine months of 2023, India installed 5.6 GW of solar power capacity, a ~47% year-over-year drop from 10.5 GW. Utility-scale solar project installations fell by 54% to 4.2 GW, a 54% YoY decline, according to Mercom India’s <a href="https://www.mercomindia.com/product/q3-2023-india-solar-market-update" target="_blank" rel="noopener">Q3 2023 India Solar Market Update</a>.</p>
<p>To accelerate the commissioning of solar projects, the Ministry of New and Renewable Energy suspended the implementation of the Approved List of Models and Manufacturers mandate until the end of March 31, 2024. The suspension of the ALMM was to facilitate developers importing solar modules and commissioning their projects without delays.</p>
<p>However, coal-based thermal power is getting a push. In replies to two separate questions, Singh said the Central Electricity Authority had carried out generation planning studies in the context of the stressed scenario. To meet the country&#8217;s base load requirement by 2032, the government has assessed the coal and lignite-based installed capacity to be 283 GW against the present installed capacity of 214 GW.</p>
<p>“Considering this, the Government of India proposes to set up an additional minimum of 80 GW coal-based capacity by 2031-32. Currently, 26,380 MW of thermal capacity is under construction, 11,960 MW has been bid out, and 19,050 MW is under clearance,” the minister said.</p>
<p>In furtherance of the coal push, the CEA has advised thermal power utilities not to retire or repurpose coal-based power stations of more than 200 MW capacity before 2030 to ensure the availability of power.</p>
<p>In the last three years, 19 coal-based thermal power plants with a total capacity of 2.3 GW were retired.</p>
<p>Last December, India refused to <a href="https://www.mercomindia.com/india-says-no-triple-renewables-cop28" target="_blank" rel="noopener">endorse</a> a pledge signed by over 118 countries at the COP28 Summit in Dubai to triple renewable energy capacity by 2030. Doing so would have meant committing to a deal on phasing down coal.</p>
<p>In the run-up to COP28, Singh had said, “There is going to be pressure on nations at COP to reduce the usage of coal. We are not going to do this since our point of view is clear that we are not going to compromise on the availability of power for our growth, even if it requires that we add coal-based capacity.”</p>
<p>India has been witnessing a sharp increase in power demand in the last few years. Last year, the CEA <a href="https://www.mercomindia.com/indias-power-demand-rise-sharply-256-gw-2024-25" target="_blank" rel="noopener">forecast</a> an all-India peak power demand of 256.53 GW in the financial year (FY) 2024-25, rising sharply from FY 2023-24. Power demand will likely soar above 256 GW in September 2024, the CEA said.</p>


India’s 500 GW Non-fossil Energy Target Moved to 2031-32

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