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Cabinet Approves 5,000 MW Floating Solar Scheme With Rs 5,070 Crore Funding

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The Indian Cabinet has approved a scheme to develop 5,000 MW of floating solar photovoltaic capacity across the country. The project carries a financial outlay of Rs 5,070 crore. The initiative is designed to benefit all states and Union Territories in India. Floating solar plants are installed on water bodies, helping conserve land while generating clean energy. The scheme is expected to significantly boost India's renewable energy capacity.

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