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 durability. The globalization has lead to a rapid increase the particular demand for power . and there is definitely an increased thrust on alteration of the present 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 for this renewable energy sources through the policy reforms, public-private partnership and development of the Ultra Mega Power Projects (UMPP). Online marketing share of possible renewable energy inside energy mix stands close to 15%. The estimated electricity 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 emphasis on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Renewable energy (MNRE) focuses in regards to the deployment of the projects and incentives through participation throughout 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 within 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 improvements. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It’s very also crucial certain that the benefits are extendable to the community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is basically concerned with the innovative business aimed to address problem of environmental concerns and offering Udyog Aadhar Registration in India order to mitigate the associated problems. These businesses leverage the opportunities that exist in the environmental sector and deploy measures for the sustainable development for the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power sector.
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a should really consider the evaluation and bench-marking criteria for the businesses in this category. There is also a deficit of cost effective strategy for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of storage space. This is further exaggerated by the lack of domain expertise and limited awareness and motivation among the people. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support may be limited in the reach. This will allow limited indulgence of the businesses in the sector.
The acceptance and credibility of the business is a critical factor for they’re of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy market place. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to offer the entrepreneurship in the country, particularly on the inside renewable sector. The benefits are provided when it comes to of incubation centres and mentorship. Strategies also firms and investors available all of the market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution of the energy. Thus, can be certainly wide variety of options available with regards to of market and finances.