What Challenges Do Businesses Face in Renewable Energy Projects?
While the benefits are substantial, businesses also face several challenges:
1. Initial Capital Investment: The upfront cost of renewable energy systems can be high, which may deter smaller businesses. 2. Technical Expertise: Implementing and maintaining renewable energy systems require specialized knowledge, which may not be readily available in-house. 3. Regulatory Hurdles: Navigating the complex landscape of regulations and incentives can be challenging. 4. Intermittency Issues: Renewable energy sources like solar and wind are intermittent and may require backup systems to ensure a reliable energy supply.