The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial just for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase in the demand for the energy 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. The goal is to promote the utilization belonging to the renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). Present share of the particular renewable energy ultimately energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW by using a total installed capacity of around 310 GW. Thus, is actually an huge scope used in this sector. Brand new 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 Secretary of state for New and Renewable energy (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 present in the realization with the renewable energy mission in 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 attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It’s very also crucial certain that the benefits are extendable towards community, in terms of 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 on environmental sector and deploy measures for that sustainable development of the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
The renewable energy sector offers wide opportunity in relation to its growth and environmental sustainability. There is however a require to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a connected with 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 storage space. This is further exaggerated together with lack of domain expertise and limited awareness and motivation among the travelers. 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 will allow limited indulgence of this businesses Online Udyog Aadhaar Registration In India the sector.
The acceptance and credibility of the business is a critical factor for people today . of a green entrepreneurship venture. Have to plethora of opportunities in the various domains of the renewable energy world. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to offer the entrepreneurship in the country, particularly from the renewable sector. The benefits are provided with regards to of incubation centres and mentorship. Strategies also firms and investors available within market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution among the energy. Thus, an extremely wide variety of options available with regards to of market and finances.