The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial not only for achieving energy security but also for environmental sustainability. The globalization has lead into a rapid increase your demand for the vitality 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 for the renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). Present share of probable renewable energy ultimately energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, is actually an huge scope associated with this sector. Federal government has implemented various projects in the renewable energy sector with an focus research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electricity (MNRE) focuses on the deployment of the projects and incentives through participation out of your 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 in terms of credit risk, technical risk, policy risk and social factors, which may result in delays as per the anticipated results. The other important factor in order to use attract new entrants MSME Udyog Aadhaar Registration in India this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It is also crucial to ensure that the benefits are extendable towards community, in regards to job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship is actually concerned with the innovative business aimed to address concern of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist on environmental sector and deploy measures for the sustainable development of your society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power 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 sector. There is also a not enough cost effective technique 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 by the 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 enables limited indulgence of your businesses in the sector.
The acceptance and credibility of the is a critical factor for achievement of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy sector. 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 offer the entrepreneurship in the country, particularly from the renewable sector. Significantly are provided when it comes of incubation centres and mentorship. Many also firms and investors available in 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 of this energy. Thus, there is wide variety of options available in terms of market and finances.