The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial just for achieving energy security but also for environmental sustainability. The globalization has lead together with a rapid increase on the demand for the vitality and there a great increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and development of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Intention is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). Online marketing share of the particular renewable energy inside energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW using 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 Sustainable energy (MNRE) focuses at 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 in the respective states. There are, however, constraints associated with the realization belonging to the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may result in delays as per the anticipated results. The other important factor end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It’s very also crucial specific that the benefits are extendable on the community, in relation to its job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship fundamentally concerned with the innovative business aimed to address the issue of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist the actual environmental sector and deploy measures for your sustainable development of your 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 terms of growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a deficit of cost effective technique for the same all of the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated through 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 has a tendency to be limited in its reach. This enables limited indulgence of your businesses in the sector.
The acceptance and credibility of business is a critical factor for achievement of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy sector. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to support the entrepreneurship in the country, particularly in the renewable sector. Significantly are provided when it comes of incubation centres and mentorship. There are also firms and investors available MSME Registration Process in India the market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution of this energy. Thus, an incredibly real wide variety of options available with regards to of market and finances.