The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial also for achieving energy security but also for environmental sustainability. The globalization has lead to a rapid increase your demand for the vitality and there is definitely an increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and improvement the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The aim 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). Present-day share of possible renewable energy regarding energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW by using a total installed capacity of around 310 GW. Thus, is actually no huge scope associated with this sector. Federal government has implemented various projects Online SSI Registration in India the renewable energy sector with an emphasis on research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Electricity (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 in the respective states. There are, however, constraints seen in 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 end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Its also crucial specific that the benefits are extendable on the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship basically concerned with the innovative business aimed to address the matter of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist the actual environmental sector and deploy measures for your sustainable development for the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a lack of cost effective technique for the same each morning Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. 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 has a tendency to be limited in its reach. This constructed of limited indulgence of this businesses in the sector.
The acceptance and credibility of the business is a critical factor for achievement of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to secure the entrepreneurship in the country, particularly from the renewable sector. Benefits are provided when it comes of incubation centres and mentorship. Lucrative also firms and investors available in the market, to lend support for the green 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 among the energy. Thus, can be wide variety of options available in terms of market and finances.