Policy and financial “derisking” instruments that encourage the growth of renewable energy in developing countries without detracting from the key development goals of the country are the focus of this paper. The authors explore best practices in the field and offer Uruguay, Mauritius, and Kazakhstan as examples of countries with programs piloted by United Nations Development Programme-Global Environment Facility (UNDP-GEF). Key stakeholder perspectives are discussed in the context of policy and financial derisking, and these concepts' relationships to economies and renewable energy investments are explored in detail. The feed-in tariff is broken-down and a table of issues is offered for design purposes along with program examples from various countries.