In order to accelerate the global transition to clean energy, it is important to systematically identify the risks associated with RE deployment and address these risks through a combination of policy and market-based interventions. Bolstering the business case for RE technologies in developing nations will help attract a steady flow of investments into this sector. This study aims to present the risks of RE investment in two sample emerging economies, one in Asia (Indonesia) and the other in Africa (South Africa), from the perspective of financiers as well as other important stakeholders such as policymakers and developers.