Purpose

To design and establish a risk mitigation mechanism to manage the investment risks in renewable energy in India.

Main Activities

• Develop a Risk mitigation framework
• Assess existing risk mitigation options
• Select risk mitigation measures
• Inform dissemination through national workshop
• Develop a pilot programme for implementing risk management mechanism
• Documentation
• Actual investment/disbursement of financial assistance in RE sector in India
• Increased awareness of risk mitigation products contributing to increase in size of Renewable energy market in India post implementation of the project.

Expected Impact

• Increased private sector participation in renewable based generation
• Decreased dependence on conventional energy based generation, although quantification may be difficult at this stage
• Local employment generation
• Reduction in CO2 emission resulting in positive impact on environment.
• The initiative would also result in meeting Millenium Development Goals (MDGs) as it would address specific issues such as - poverty reduction, access to cleaner form of energy and other basic services, which would be enabled in presence of provision of energy through renewable sources.