June 24, 2014 | Mumbai, India

Even though Renewable Energy (RE) has gained the required attention as an important part of India’s energy plan, many investors shy away from these projects as bankability of these projects is a huge challenge due to various technological issues.

In an effort to provide investors with insights on ways to mitigate financial risks using advanced due-diligence and assessment services, UL in India conducted the Renewable Energy Investor Forum, on June 24th, at Mumbai.

In his opening address, Mr. Suresh Sugavanam, Vice President and Managing Director for UL South Asia (India, Bangladesh and Sri Lanka), spoke about the importance of identifying the risks in the renewable energy sector. He also went on to talk about how UL-DEWI could help in mitigating those risks. Mr.Balki, Chief Development officer at M/s Bharat Light & Power highlighted the need for understanding and preparing for risks in advance in order to aim for profitability.

Mr. Sebastian Herzog, Head of Renewable Energy Systems; Ms. Anett Friedrich, Expert Energy Yield; and Dr. Bengt Jaeckel, Principal Engineer – Renewable Energy in UL Germany shared their insights and perspectives with an audience of more than seventy  top officials from leading banks and financial institutions.