The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial simply for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase on the demand for power . and there a good increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and coming of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization for the renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). Today’s share of the particular renewable energy in the energy mix stands close to 15%. The estimated renewable energy potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, is actually an huge scope specific to this sector. The government has implemented various projects in the renewable energy sector with an focus on research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Renewable power (MNRE) focuses within the deployment of the projects and incentives through participation from the states and various administrative levels. Regulations have been specified at the state level for promoting renewable energy projects Online Udyog Aadhaar Registration In India the respective states. There are, however, constraints associated with the realization among the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may lead to delays as per the anticipated good results. The other important factor in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Usually also crucial to ensure that the benefits are extendable to the community, in terms of job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship is basically concerned with the innovative business aimed to address problem of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist in the environmental sector and deploy measures for the sustainable development of the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
The renewable energy sector offers wide opportunity in regards to growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a connected with cost effective technique for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated the particular lack of domain expertise and limited awareness and motivation among the travelers. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support seems to be limited in the reach. This allows for limited indulgence of your businesses in the sector.
The acceptance and credibility of small business is a critical factor for the success of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy sector. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to support the entrepreneurship in the country, particularly your renewable sector. Significantly are provided conditions of of incubation centres and mentorship. You will also firms and investors available the actual planet market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but you’ll find it encompasses the storage and distribution of the energy. Thus, can be wide variety of options available when it comes of market and finances.