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 to be able to rapid increase a demand for power . and there is an 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. Intention is to promote the utilization for the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). Online marketing share of probable renewable energy regarding energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, there is huge scope present 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 Ministry of New and Sustainable energy (MNRE) focuses within 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 MSME Registration in India Online 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 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 make that the benefits are extendable towards community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is essentially 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 inside of the environmental sector and deploy measures for the sustainable development for the society. The recent upthrust by the government 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 need to consider the evaluation and bench-marking criteria for the businesses in this industry. There is also a deficit 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 storage space. This is further exaggerated from your lack of domain expertise and limited awareness and motivation among the people. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support may 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. 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, etc. The government has initiated various programs to support the entrepreneurship in the country, particularly your renewable sector. Ought to are provided when it comes 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 with the energy. Thus, can be certainly wide variety of options available in terms of market and finances.