Power minister RK Singh has urged the International Solar Alliance (ISA) to promote grid-scale solar energy projects in Africa and also set up a de-risking mechanism apart from making available green funds for such projects.
Singh made this suggestion to Chrysoula Zacharopoulou, Minister of State for Development, Francophonie and International Partnerships, attached to the Minister for Europe and Foreign Affairs, at a meeting on Tuesday, the power ministry said in a statement.
The minister emphasized the role of insurance for renewable energy projects, payment security mechanism and debt financing in attracting investment into renewable energy during his discussion with the visiting French delegation, including ambassador of France to India Emmanuel Lenain, on accelerating global energy transition.
