The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial also for achieving energy security but also for environmental sustainability. The globalization has lead to a rapid increase in the demand for the vitality and there is an increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and reduce the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development of the Ultra Mega Power Projects (UMPP). Online MSME Registration Form in India marketing share of the particular renewable energy ultimately 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, 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 Renewable power (MNRE) focuses relating to 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 associated with the realization among 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 listings. The other important factor in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Every person also crucial to ensure that the benefits are extendable into the community, in relation to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship fundamentally 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 the actual environmental sector and deploy measures for that sustainable development of the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
Current Scenario
The renewable energy sector offers wide opportunity in relation to 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 strategy for the same all of the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of dimensions. 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 its reach. This constructed of 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. Have to 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, and others. The government has initiated various programs to offer the entrepreneurship in the country, particularly on the inside renewable sector. Significantly are provided with regards to of incubation centres and mentorship. You will also firms and investors available typically the market, to lend support for saving money business initiatives. The focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution of the energy. Thus, there is wide variety of options available phrases of of market and finances.