The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial not only for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase in the demand for techniques and there a good increased thrust on alteration of the existing 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. The goal is to promote the utilization belonging to the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). Present share of possibilities renewable energy in the energy mix stands close to 15%. The estimated electrical power potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, is actually an huge scope available in this sector. The 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 Ministry of New and Electricity (MNRE) focuses in regards to 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 of 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 is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It is also crucial to ensure that the benefits are extendable to the community, in relation to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship fundamentally concerned with the innovative business aimed to address concern of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist the actual world environmental sector and deploy measures for your sustainable development of the 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 terms of growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a not enough cost effective strategy for the same in the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of functions. This is further exaggerated through 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 seems to be limited in the reach. This constructed of limited indulgence of this businesses Udyog Aadhaar Registration Online in India the sector.
Opportunities
The acceptance and credibility of the is a critical factor for the success of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy sector. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and also so on. The government has initiated various programs to support the entrepreneurship in the country, particularly on the inside renewable sector. Numerous are provided conditions of of incubation centres and mentorship. Many also firms and investors available the actual planet 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 in the energy. Thus, an incredibly real wide variety of options available with regards to of market and finances.