The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial simply for achieving energy security but also for environmental sustainability. The globalization has lead together with a rapid increase on the demand for power . and there a good increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and increase of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal 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). Udyog Aadhar Registration Online marketing share of possible renewable energy within energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, actual huge scope available in this sector. Federal 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 Secretary of state for New and Electrical power (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 within the realization of 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 is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It is also crucial specific that the benefits are extendable for the community, in relation to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is essentially concerned with the innovative business aimed to address concern of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist the actual world environmental sector and deploy measures for the sustainable development of your society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the renewable power sector.
The renewable energy sector offers wide opportunity in relation to its growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this sector. There is also a lack of 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 from your 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 allows for limited indulgence of this businesses in the sector.
The acceptance and credibility of business is a critical factor for they’re of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy sector. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and also so on. The government has initiated various programs to aid the entrepreneurship in the country, particularly your renewable sector. Significantly are provided with regards to of incubation centres and mentorship. You will also firms and investors available within market, to lend support for saving money business initiatives. The focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution of the energy. Thus, an extremely wide variety of options available phrases of of market and finances.