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 into a rapid increase on the demand for the vitality and there a good increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and development of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose 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 the particular renewable energy regarding energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW having a total installed capacity of around 310 GW. Thus, actual huge scope present in this sector. Brand new has implemented various projects in the renewable energy sector with an increased exposure of research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Sustainable energy (MNRE) focuses at the deployment of the projects and incentives through participation throughout 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 within the realization among the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may develop delays as per the anticipated 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’s very also crucial to ensure that the benefits are extendable for the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship basically concerned with the innovative business aimed to address problem 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 your sustainable development in the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity in regards 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 strategy for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of functions. This is further exaggerated together with 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 is able to be limited in the reach. This allows for limited indulgence of this businesses in the sector.
The acceptance and credibility of business 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 segment. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and also so on. The government has initiated various programs to secure the entrepreneurship in the country, particularly on the inside renewable sector. Benefits are provided with regards to of incubation centres and mentorship. Many also firms and investors available Udyog Aadhaar Registration Online in India the market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but what’s more, it encompasses the storage and distribution among the energy. Thus, there is wide variety of options available when it comes of market and finances.