The fullform of CRMM is Common Risk Mitigation Mechanism. India along with countries like Argentina, Burkina-Faso, Chad, France, Ivory Coast, Mali, Namibia, Niger, Nigeria, Senegal, Uganda and Yemen has jointly commissioned a study to define and a structure CRMM for solar power generation projects in solar-rich countries. It is aimed at a reduction in the cost of finance for renewable energy and the overall price of electricity.