• 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
  • Login
  • Register
Manifest IAS
JournalsOfIndia
Advertisement
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • Home
  • Economy
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Law & Policy
  • History
No Result
View All Result
  • 9964432222
  • Mail Us
  • Appointment
  • Locate Us
  • Chat Now
  • Courses
JournalsOfIndia
No Result
View All Result
Home Economy

Solar Risk Mitigation Initiative

July 25, 2020
in Economy, Environment
Reading Time: 2min read
0
0
SHARES
24
VIEWS
Share on TelegramShare on Facebook
  • The World Bank– Energy Sector Management Assistance Program (WB-ESMAP), in partnership with, Agence Française de Développement (AFD), International Renewable Energy Agency (IRENA) and International Solar Alliance (ISA) developed the Solar Risk Mitigation Initiative (SRMI or “the Initiative”) to address these challenges. This unique approach offers development and climate financing for (i)technical assistance to help countries develop evidence-based solar targets, implement a sustainable solar program, and maintain robust procurement processes with transaction advisors; (ii) critical public investments to enable the integration of variable renewable energy (VRE), finance solar park infrastructure, and increase access to electricity; and (iii) risk mitigation instruments to cover residu­al risks perceived by private investors.

Risk Mitigation Approach

  • SRMI aims to support countries in developing sustainable solar programs that will attract private investments and so reduce reliance on public finances. It has three components to mitigate the risk of solar deployment:
  • Sustainable Solar Targets: supporting the development of sustainable renewable roadmaps with medium-term targets based on sound planning and resource assessments, and providing concessional climate finance blended with development finance and technical support to ensure that countries have the right enabling environment to reduce country risk;
  • Transparent Procurement: supporting the selection of private sector developers and investors in a competitive and transparent manner to address country and project risk; and
  • Viable Risk Mitigation Coverage: developing viable risk mitigation coverage to cover residual project risks targeting solar (grid and off-grid) and storage deployment financed and operated by private investors.
  • Financing: Dedicated financing will be raised to support a technical assistance program as well as investment lending and risk mitigation coverage to implement the roadmaps. Concessional climate finance is expected to play a key role in new lending for grid infrastructure upgrades and development of solar parks as well as to support innovative risk mitigation coverage by leveraging the resources of development finance institutions.
  • Technical Assistance Program: Under SRMI, it is proposed to finance a technical assistance program through ESMAP to support countries develop an enabling environment, particularly (i) electricity least-cost planning, (ii) transparent selection of independent power producers including through the hiring of transaction advisors, and (iii) capacity building program.

 

Tags: Prelims

Related Posts

International Solar Alliance (ISA)

International Solar Alliance (ISA)

January 18, 2021
Action Plan Improving Air Quality

Action Plan Improving Air Quality

January 18, 2021
Microbial Decomposer Capsule

Microbial Decomposer Capsule

January 18, 2021
Taj Trapezium Zone (TTZ)

Taj Trapezium Zone (TTZ)

January 18, 2021
Pakistan permits hunting Houbara Bustard

Pakistan permits hunting Houbara Bustard

January 16, 2021
World Migration Report 2020

World Migration Report 2020

January 16, 2021
Prarambh -Startup India International Summit

Prarambh -Startup India International Summit

January 16, 2021
Reforms in Mining

Reforms in Mining

January 15, 2021
RBI sets up Working Group on Digital Lending

RBI sets up Working Group on Digital Lending

January 15, 2021
What are Debentures?

What are Debentures?

January 15, 2021
Please login to join discussion

Browse by Category

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tags

AIR Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Yojana
JournalsOfIndia

Our vision is to orient the readers to grasp the facts objectively and analyse critically. In the rush of reaching first to the readers, the websites miss the balanced opinion, which is the need of the hour. We aim to reach the readers with more crispness, preciseness and relevance. We bring the articles in UPSC way for the civil services aspirants and the Wisest Way for general readers.

Categories

  • Agriculture
  • Disaster Management
  • Economy
  • Environment
  • Ethics
  • Foreign Affairs
  • Geography
  • Governance
  • History
  • Law & Policy
  • Opinion
  • People in News
  • Places in News
  • Science & Tech
  • Security
  • Society

Browse by Tag

AIR Big Picture GS-1 GS-2 GS-3 GS-4 Kurukshetra Mains News Paper PIB Prelims RSTV Yojana

Newsletter

The most important UPSC news and events of the day.

Get Journals daily newsletter on your inbox.

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

  • Login
  • Sign Up
  • Home
  • Prelims Snippets
  • Mains Articles
  • Economy
  • Society
  • Foreign Affairs
  • Science & Tech
  • Environment
  • Agriculture
  • History
  • Law & Policy
  • Security
  • Course Portal
  • Prelims Test Portal
No Result
View All Result

© 2020 JournalsOfIndia - A free initiative by Manifest Team.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In