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 sustainability. The globalization has lead together with a rapid increase the particular 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 reduce the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Intention is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). The current share of possible renewable energy within energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW by using a total installed capacity of around 310 GW. Thus, it comes with huge scope present in this sector. The government has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Sustainable energy (MNRE) focuses on 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 seen in the realization of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may end up in delays as per the anticipated results. The other important factor end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It is also crucial to ensure that the benefits are extendable into the community, in relation to 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 the actual world environmental sector and deploy measures for the sustainable development of the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable power sector.
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a deficit of cost effective technique for the same each morning Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of dimensions. This is further exaggerated from your 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 may be limited Udyog Aadhar Application Online in India its reach. This permits limited indulgence of this businesses in the sector.
The acceptance and credibility of the is a critical factor for the success of a green entrepreneurship venture. Have to plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and others. The government has initiated various programs to aid the entrepreneurship in the country, particularly in the renewable sector. Significantly are provided when it comes of incubation centres and mentorship. There are also firms and investors available all of the 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 in the energy. Thus, can be wide variety of options available in terms of market and finances.