The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial not really for achieving energy security but also for environmental sustainability. The globalization has lead to be able to rapid increase on the demand for strength 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 reduce the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal 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). Online Udyog Aadhar Registration in India marketing share of the particular renewable energy within energy mix stands close to 15%. The estimated sustainable 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 used in this sector. The 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 Secretary of state for New and Sustainable energy (MNRE) focuses within 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 belonging to the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may develop delays as per the anticipated results. The other important factor is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It is also crucial specific that the benefits are extendable into the community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship is basically concerned with the innovative business aimed to address the problem of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist in the environmental sector and deploy measures for your sustainable development for this society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
Current Scenario
The renewable energy sector offers wide opportunity in comparison to its growth and environmental sustainability. There is however a should really 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 functions. This is further exaggerated through lack of domain expertise and limited awareness and motivation among the guys. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support seems to be limited in the reach. This constructed of limited indulgence of your businesses in the sector.
Opportunities
The acceptance and credibility of corporation is a critical factor for achievement of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy niche. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and others. The government has initiated various programs to offer the entrepreneurship in the country, particularly the particular renewable sector. The benefits are provided in terms of incubation centres and mentorship. Lucrative also firms and investors available the actual planet market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but what’s more, it encompasses the storage and distribution among the energy. Thus, there is wide variety of options available phrases of of market and finances.