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Driving Foreign Investment to Renewable Energy in India: A Payment Security Mechanism to Address Off-Taker Risk
This technical paper examines off-taker risk in India's renewable energy sector, specifically the risk that public sector distribution companies (DISCOMs) will fail to make timely payments. The authors propose a transparent methodological framework for government-sponsored payment security mechanisms (PSMs) to attract foreign investment, arguing that existing mechanisms lack transparency and adequate risk coverage.
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Document type: Research paper
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