India Targets 5 GW of Floating Solar Under New Cabinet-Approved Program – News and Statistics – IndexBox

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India’s federal government has decided to expand its floating solar ambitions and is supporting that goal with investment and incentives, according to pv magazine. Deployed floating solar capacity in India stands at roughly 700 MW in 2026, and a new support mechanism approved by the country’s cabinet in July aims to add 5 GW over a five-year period.
The program is tied to the Pradhan Mantri Surya Ghar Muft Bijli Yojana scheme, though the source text does not detail the mechanism’s specific terms. The cabinet approval in July establishes the policy basis for the targeted capacity expansion, while the current installed base of about 700 MW provides the starting point against which the 5 GW goal would be measured.
The source does not specify financing amounts, the start date of the five-year window, or the implementing agencies responsible for the program. It also does not indicate how much of the planned capacity has been allocated or contracted.
Interactive table based on the Store Companies dataset for this report.
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How the Market Splits Into Decision-Relevant Buckets
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Major integrated solar manufacturer
India's largest solar module manufacturer
Part of Adani Group, integrated manufacturing
Leading manufacturer, part of Tata Group
Major PV module and cell producer
Historical leader in solar manufacturing
Makes solar cells, modules, encapsulants
Module and cell manufacturer
Solar PV module manufacturer
Solar panel manufacturer and distributor
Manufactures solar modules and inverters
Solar panel manufacturer
Solar panel manufacturer
Solar panel manufacturer
Solar cell and module manufacturer
Major LED lighting products manufacturer
Leading electrical goods co, major LED player
Major manufacturer of LED lights and fixtures
Major player in LED lighting segment
LED lighting manufacturer
Manufactures LED displays and lighting
Indian subsidiary, major LED mfg in India
Manufactures LED lights and fixtures
Major Indian electrical brand, produces LEDs
LED lighting products manufacturer
Manufactures LED bulbs and lighting
Major player in consumer LED lighting
Leading LED lighting solutions provider
Manufactures LED lights under Finolex brand
Wires & cables major, also manufactures LEDs
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