What Challenges Do Entrepreneurs Face in this Sector?
1. High Initial Costs: Developing and deploying renewable energy technologies often require substantial initial investment. 2. Regulatory Hurdles: Navigating the complex web of local, national, and international regulations can be challenging. 3. Technical Barriers: Continuous research and development are required to improve the efficiency and cost-effectiveness of clean energy technologies. 4. Market Acceptance: Convincing consumers and businesses to switch to renewable energy can be difficult, especially if they are accustomed to traditional energy sources.