ISA approves setting up funds for solar project insurance2 min read . Updated: 18 Oct 2022, 08:13 PM IST
- The solar facility, a payment guarantee mechanism, is expected to stimulate high potential solar technologies, by attracting private capital to flow into underserved markets in Africa, while ensuring a payment and insurance mechanism as a first loss guarantee
NEW DELHI : The assembly of International Solar Alliance (ISA) approved the ‘Solar Facility’, a payment guarantee mechanism which is expected to stimulate investments into solar through two financial components -- Solar Payment Guarantee Fund and Solar Insurance Fund.
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