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Preheat the oven to 400 degrees.
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Place the squash on a baking pan and toss it with the olive oil, a pinch of salt, generously sprinkle pepper. Roast for 25 minutes, tossing once, until very tender and caramelized.
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Heat the vegetable broth in a small covered saucepan. Once hot, leave it on to simmer.
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In a heavy-bottomed pot, melt the butter and sauté the shallots on medium-low heat until the shallots are translucent.
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Add the rice and stir to coat the grains with butter. Now add Add 3/4 C of stock to the rice plus the saffron, salt to taste and generous sprinkling of pepper.
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Stir, and simmer until the stock is absorbed, 5 to 7 minutes. Continue to add the stock, 1/2 to 3/4 C at a time, stirring every few minutes.
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With each addition,cook until the liquid absorbs and the mixture looks a little dry, then add more stock. Continue until the rice is cooked through, but still al dente. About 30 minutes in all.
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Switch off the heat, add the squash and parmesan. Mix to combine and Serve hot.