The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial not really for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase a demand for power . 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. Intention is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). Present share of possible renewable energy regarding energy mix stands close to 15%. The estimated renewable energy potential from commercially exploitable sources for India is around 900 GW using a total installed capacity of around 310 GW. Thus, is actually no huge scope associated with this sector. Federal government has implemented various projects in the renewable energy sector with an focus on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Sustainable energy (MNRE) focuses in regards to the deployment of the projects and incentives through participation belonging to 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 inside the realization from the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated good results. The other important factor is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Its also crucial specific that the benefits are extendable to the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.
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 inside of the environmental sector and deploy measures for your sustainable development for this society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in regards to growth and environmental sustainability. There is however a require to consider the evaluation and bench-marking criteria for the businesses in this sector. There is also a lack of cost effective technique for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated through 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 it seems to be limited in the reach. This constructed of limited indulgence from the businesses in the sector.
The acceptance and credibility of business is a critical factor for achievement of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy world. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to offer the entrepreneurship in the country, particularly the particular renewable sector. Benefits are provided when it comes to of incubation centres and mentorship. Lucrative also firms and investors available typically the market, to lend support for saving money 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 Udyog Aadhar Online Registration in India terms of market and finances.