IEA (2019), Clean Energy Investment Trends 2019, IEA, Paris https://www.iea.org/reports/clean-energy-investment-trends-2019
The 2019 Clean Energy Investment Trends report maps out the evolution in the renewable power industry and investment landscape through tracking the risk perceptions of debt financiers towards solar photovoltaic (PV) and wind projects over the period from 2014 to 2018 and recent developments impacting the pace of capacity addition. Risk perceptions are analysed through an evaluation of key metrics pertaining to debt financing and capital structure. To assess the relative standing of renewables and thermal assets, this report includes an analysis of thermal projects along the same metrics. The report also takes stock of the impact of a recent policy measure – the imposition of safeguard duties on solar PV cell and module imports – on the pace of project awards. Further, this report contextualises emerging challenges facing the solar park model, which has been a key driver of solar capacity deployment in India’s energy transition.