The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial simply for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase your demand for the vitality 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 improvement 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). Present share of the particular renewable energy inside 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 specific to this sector. Federal government 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 Ministry of New and Renewable 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 associated with the realization with the renewable energy mission MSME Registration Online in India terms of credit risk, technical risk, policy risk and social factors, which may lead to delays as per the anticipated results. The other important factor is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Every person also crucial specific that the benefits are extendable towards community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
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 the actual world environmental sector and deploy measures for that 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 comparison to its growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a lack of cost effective strategy for the same each morning 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 has a tendency to be limited in the reach. This permits limited indulgence of this businesses in the sector.
Opportunities
The acceptance and credibility of corporation is a critical factor for good results of of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy segment. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to support the entrepreneurship in the country, particularly on the inside renewable sector. Numerous are provided with regards to of incubation centres and mentorship. You will also firms and investors available within market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but you’ll find it encompasses the storage and distribution of the energy. Thus, an incredibly real wide variety of options available with regards to of market and finances.