The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial not only for achieving energy security but also for environmental sustainability. The globalization has lead to be able to rapid increase in the demand for strength 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 coming of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Intention 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). Present-day share of the particular renewable energy within energy mix stands close to 15%. The estimated renewable 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 used in this sector. The government has implemented various projects Online Udyog Aadhar Registration in India the renewable energy sector with an emphasis 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 at a 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 of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated 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. It’s very also crucial to ensure that the benefits are extendable on the community, in regards to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship fundamentally concerned with the innovative business aimed to address the problem 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 the sustainable development of the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable power sector.
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 industry. There is also a deficit of 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 the particular 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 has a tendency to be limited in the reach. This allows for limited indulgence with the businesses in the sector.
The acceptance and credibility of corporation is a critical factor for they’re of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy world. These domains include the solar power 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 in the renewable sector. Significantly are provided conditions of of incubation centres and mentorship. You will also firms and investors available typically the market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but additionally, it encompasses the storage and distribution with the energy. Thus, an extremely wide variety of options available when it comes of market and finances.