As renewables have become a compelling investment proposition, investment into new renewable power has grown from less than USD 50 billion per year in 2004, to about USD 300 billion per year in the recent years, exceeding investments into new fossil fuel power by a factor of three in 2018. Yet, renewable investments remain below their potential. Scaled up renewable energy investment, on the foundation of sound enabling policy frameworks, is critical to accelerate the global energy transformation and reap its many benefits, while achieving climate and development targets.

By addressing key risks and barriers, public finance, including climate finance, plays an important role in bridging the financing gap and attracting further investment from the private sector to renewables. Institutional investors, such as pension funds, insurance companies, endowments and sovereign wealth funds, have the potential to scale up major investments. IRENA’s Sustainable Energy Marketplace showcases several financial instruments and funds available to source investment for individual projects.

Unlocking Renewable Energy Investment: The role of risk mitigation and structured finance

Scaling up renewable energy calls for mobilising a massive investment increase. Renewables bring far reaching benefits in terms of human health, energy access, environmental protection and the response to climate change, along with the potential to create new jobs around the world.

• June 2016
• |
• Finance & Investment
• |
• English
• |
• United Kingdom, Indonesia

Recent Publications

Advancing Renewables in Developing Countries

The IRENA/ADFD Project Facility represents a partnership between the two key organisations...

Off-grid renewable energy solutions to expand electricity access: An opportunity not to be missed

This brief takes stock of the opportunity at hand – detailing th...

Solar simulators: Application to developing cities

This report from IRENA examines the evolution of solar PV simulators, from single-rooftop ...

Opportunities to accelerate national energy transitions through advanced deployment of renewables

While the shift to cleaner energy systems is evident across the Group ...

More

Related Content

IRENA Facilitates Investment and Renewable Projects on Ground in Africa

11 November 2019 | Articles

IRENA-ADFD Partnership Delivers 10MW Solar PV Project in Cuba

05 July 2019 | Press Releases

IRENA to Present Innovation Pathway to Renewable Energy Growth at G20

14 June 2019 | Articles