The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial not really for achieving energy security but also for environmental durability. The globalization has lead with a rapid increase a demand for the energy 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 increase of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Intention 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). Today’s share of possibilities renewable energy inside energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, is actually no huge scope available in this sector. Federal government has implemented various projects in the renewable energy sector with an focus on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electricity (MNRE) focuses on 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 seen in the realization from the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated listings. The other important factor is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Usually also crucial to ensure that the benefits are extendable on the community, in comparison to its job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship fundamentally 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 the sustainable development for the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power sector.
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this industry. There is also a lack of cost effective technique for the same in the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated together with lack of domain expertise and limited awareness and motivation among the the public. 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 of your businesses Online SSI Registration in India the sector.
The acceptance and credibility of the is a critical factor for people today . of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy market place. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to retain the entrepreneurship in the country, particularly on the inside renewable sector. Ought to are provided with regards to of incubation centres and mentorship. Many also firms and investors available typically the market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but additionally, it encompasses the storage and distribution of the energy. Thus, there is wide variety of options available on the subject of of market and finances.