Global investment in renewable energy has experienced unprecedented growth in recent years, and yet it remains below its potential. Scaled up renewable energy investment on the foundation of sound enabling policy framework is critical to rapidly mobilize sustainable energy transition.

IRENA’s activities focus on mobilising various sources of investment (including private capital) in renewable energy projects through the effective use of financial instruments and risk mitigation tools.

Investment needs

If the global energy transformation is to happen, renewable energy investment needs to be scaled up significantly above current levels. Over time, IRENA has developed scenarios to estimate the investment required to progressively increase the shares of renewables in the global energy mix (up to 36% by 2030, and up to 65% by 2050), in line with the objectives of the Paris Agreement.

Sources of investment

Public finance, including climate finance, provides an important resource to bridge the financing gap and attract further investment 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.

Mobilizing private investment

To address the question of ‘how’ to scale up renewable energy investment rapidly with financing from prospective sources, IRENA has been engaging with governments and the international investor community to identify key risks and barriers and examine the current financing landscape in the renewable energy sector.

Financing renewable energy projects

To overcome some of the barriers and challenges facing project developers and scale up renewable energy investment in developing countries, IRENA aims to facilitate project initiation, development and financing by offering appropriate tools and platforms to key market players including governments, project developers, investors.

Global renewable energy investment trends

Global investment in renewable energy has experienced unprecedented growth in recent years, and yet it remains below its potential. Scaled up renewable energy investment on the foundation of sound enabling policy framework is critical to rapidly mobilize sustainable energy transition. IRENA is working together with key players including policy makers, financial institutions and project developers, to help close this investment gap. Our activities focus on mobilising various sources of investment (including private capital) in renewable energy projects through the effective use of financial instruments and risk mitigation tools.

Admin address

C2-2-3, Block 2, CBD Perdana 3,
Persiaran Cyberpoint Timur,
Cyber 12, 63000 Cyberjaya,
Selangor

Tel: +60386861490
Fax: +60386861491
Email: info@pensia.org.my

Registered in Malaysia.

A Project by INWASCON
PPM-017-14-08062015

Website Policies

Follow us on Social Media

© 2019 PENSIA – Power & Energy for Asia. All Rights Reserved.

* The designations employed and the presentation of materials herein do not imply the expression of any opinion whatsoever on the part of the Power & Energy for Asia: Clean Energy Project concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries.