Institutional Arrangements and Support for Renewable Energy Based Entrepreneurship in India – A Critique

The purpose of this study is to examine and critique various institutional arrangements that aid in the construction of an appropriate environment for solar-based entrepreneurial activities that contribute to rural development. Three significant actors, SELCO, TERI, and AIWC, have been chosen as institutional arrangements supporting RE entrepreneurs. In order to study the determinants that enable solar-based entrepreneurship in India, the current paper has employed deductive as well as inductive methodologies, as well as a theme analysis. The research continues by examining a list of characteristics that serve to encourage solar entrepreneurs and demonstrates that the outcomes achieved by the various institutional structures are similar. While SELCO demonstrates a private approach by having all of its partners be private firms, AIWC and TERI possess public-private and public-private-people cooperation models, respectively. In conclusion, the three institutions studied provide insight into three distinct institutional arrangements, all of which create an appropriate entrepreneurial environment and factors for RE-based entrepreneurship