The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial just for achieving energy security but also for environmental sustainability. The globalization has lead to a rapid increase on the demand for strength and there a great increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and increase 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 of the Ultra Mega Power Projects (UMPP). Udyog Aadhar Application Online in India marketing share of probable renewable energy inside energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, it comes with huge scope available in 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 Secretary of state for New and Renewable power (MNRE) focuses on the deployment of the projects and incentives through participation at a 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 present in 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 listings. The other important factor end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Every person also crucial to ensure that the benefits are extendable to the community, in relation to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship is basically 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 in the environmental sector and deploy measures for your sustainable development of your society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable power sector.
Current Scenario
The renewable energy sector offers wide opportunity in terms of 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 lack of cost effective technique for the same all of the 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 the public. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support is able to be limited in its reach. This allows for limited indulgence from the businesses in the sector.
Opportunities
The acceptance and credibility of small business is a critical factor for the success of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy market place. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to retain the entrepreneurship in the country, particularly your renewable sector. Benefits are provided conditions of of incubation centres and mentorship. Lucrative also firms and investors available the actual planet market, to lend support for saving money business initiatives. The 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, can be certainly wide variety of options available when it comes of market and finances.