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Private sector investment in renewable energy utilisation: strategic analysis of stakeholder perspectives in developing countries

Private sector encouragement in the development programmes of renewable energy (RE) utilisation is one of the important subjects and challenges for governments of developing countries. While profit in short-term and market-based orientation are the dominant approach of private sector to start an investment, governments and policymakers are paying special attention to participation of private investments to achieve their long-term development plans. In contrast, academic researchers notice to private investments in a structure that is sometimes in conflict with private investors and policymakers perspectives. Therefore, each group of stakeholders has its own priorities that negatively affect promotion and adoption plans of renewable alternatives utilisation. This article reviews and analyses different perspectives of RE stakeholders (beneficiaries) to encourage participation of private investments Differences in priorities, concerns, and interests in each group of stakeholders are the subjects that are discussed in the article. To close the attitudes and perspectives, a recommendations package is also presented in two levels of operational and strategic