Thank you for this!!
I get this error often. In the past, I would make sure I had the latest graphic card driver and would clear the project cache. This worked about 12.27% of the time and failed, according to my math, around 87.73%. Generally, I’d end up rendering in software only and that can take forever while making my hard drive and processor sound like a ’82 Chevy Monza with a bad timing belt.
After reading your post today, I found the offending clip/transition where the error occurred, went into Premiere and rendered just that clip/transition, then sent the whole thing back out to Media Encoder.
BOOM! Fixed.
Now I’m not sure what to do with all this extra free time I have.