The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial simply for achieving energy security but also for environmental durability. The globalization has lead together with a rapid increase on the demand for the vitality and there is definitely an increased thrust on alteration of the present 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 the renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). The current share of the potential renewable energy within 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, actual huge scope present in this sector. Federal 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 Sustainable energy (MNRE) focuses within 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 within the realization among the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may end up in delays as per the anticipated good results. The other important factor in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It is also crucial to make that the benefits are extendable to the community, in comparison to its job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship basically concerned with the innovative business aimed to address problem of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist on environmental sector and deploy measures for that sustainable development for the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in relation to its growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a connected with cost effective strategy 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 through lack of domain expertise and limited awareness and motivation among the guys. 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 will allow limited indulgence of this businesses in the sector.
The acceptance and credibility of corporation is a critical factor for the success of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy segment. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to retain the entrepreneurship in the country, particularly SSI Online Registration in India the renewable sector. Benefits are provided in terms of incubation centres and mentorship. You will also firms and investors available the actual planet market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution in the energy. Thus, can be certainly wide variety of options available with regards to of market and finances.