Green
Solar Group Mulls $700 Million Fund to Spur Projects in Africa
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International Solar Alliance, a group promoting solar energy, may set up a $700 million payment guarantee fund to spur investment in the technology in Africa.
The fund would be built with contributions from the alliance’s member nations, and could be used to compensate project developers in the event of default by customers, ISA Director General Ajay Mathur said in an interview in New Delhi. The fund would be able to be used in countries that contribute to it, he said.