Entrepreneurship in the Renewable Energy Sector of Bangladesh: A Conceptual Analysis for Exploring Opportunity and Challenge

Abstract

Bangladesh is endowed with ample supply of renewable sources of energy. By acknowledging the potential of renewable energy resources, Bangladesh could possibly meet its unprecedented energy demand, thus enhancing electricity accessibility to all and increasing energy security through their progression. A significant number of studies demonstrated the socioeconomic impact of the renewable energy especially in Bangladesh. According to these studies, it is realized that the entrepreneurial perspective of renewable energy is missing, with the exception of a few studies on innovation theory, social entrepreneurship, and micro-finance. The endeavor of this article is to argue that the renewable energy is an opportunity to slow environmental degradation opening a new perspective of the research agenda in entrepreneurship. In addition to that, it is hoped that this article contributes to the connection of entrepreneurial perspective, its opportunities and challenges, with renewable energy in the emerging markets in Bangladesh. This work allows introducing Bangladesh as an emerging context of entrepreneurship in renewable energy sectors of Bangladesh.

Keywords: Renewable Energy, Entrepreneurship, Scope, Challenge, Bangladesh