The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial also for achieving energy security but also for environmental sustainability. The globalization has lead into a rapid increase on the demand for techniques 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 improvement the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal is to promote the utilization for this renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). MSME Online Registration in India marketing share of possibilities renewable energy within energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, it comes with huge scope present in this sector. Brand new 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 within 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 belonging to the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may develop delays as per the anticipated good results. The other important factor will be 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 for the community, in relation to job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship is essentially 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 inside of the environmental sector and deploy measures for that sustainable development of your society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power sector.
Current Scenario
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a require to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a associated with 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 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 enables limited indulgence of 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. Actual plethora of opportunities in the various domains of the renewable energy world. These domains include the power 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 from the renewable sector. Ought to are provided in terms of incubation centres and mentorship. You will 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 additionally, it encompasses the storage and distribution among the energy. Thus, can be wide variety of options available in terms of market and finances.