ISA explores local-currency financing to cut exchange-rate risk
In short
International Solar Alliance chief Ashish Khanna said the group is looking at local-currency financing to reduce exchange-rate swings. He pointed to India’s PM-KUSUM and PM Surya Ghar programmes as lessons for the Global South.
What the reporting says
International Solar Alliance Director General Ashish Khanna said the group is looking at local-currency financing to check exchange-rate volatility. He pointed to India’s experience with PM-KUSUM and PM Surya Ghar as important lessons for the Global South. The remarks suggest ISA wants financing models that reduce currency risk for solar projects across developing markets.
Why it matters
ISA Director General Ashish Khanna said the alliance is exploring local-currency financing to reduce exchange-rate volatility. He cited India’s PM-KUSUM and PM Surya Ghar programmes as lessons for the Global South. The comments matter for solar financing in developing markets, where currency swings can affect project costs and borrowing terms.