The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial just for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase in the demand for techniques and there is an 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. Intention is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Present share of the potential renewable energy within energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW having a total installed capacity of around 310 GW. Thus, there is huge scope present in this sector. The government has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Renewable power (MNRE) focuses at the deployment of the projects and incentives through participation out of your 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 inside the realization among the renewable energy mission Online Udyog Aadhar Registration in India terms of credit risk, technical risk, policy risk and social factors, which may lead to 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 flexible regulatory norms. Usually also crucial to ensure that the benefits are extendable on the community, in terms of job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship is actually concerned with the innovative business aimed to address the matter of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist inside of the environmental sector and deploy measures for your sustainable development for this society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable power sector.
Current Scenario
The renewable energy sector offers wide opportunity in comparison to its growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this sector. There is also a connected with 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 storage space. This is further exaggerated by the 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 it seems to be limited in its reach. This enables limited indulgence with the businesses in the sector.
Opportunities
The acceptance and credibility of the is a critical factor for good results of of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and others. The government has initiated various programs to aid the entrepreneurship in the country, particularly on the inside renewable sector. Benefits are provided with regards to of incubation centres and mentorship. Lucrative also firms and investors available within market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution with the energy. Thus, can be certainly wide variety of options available with regards to of market and finances.