Design and Establish a Risk Mitigation Mechanism in India
To design and establish a risk mitigation mechanism to manage the investment risks in renewable energy in India.
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
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.
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.