The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial also for achieving energy security but also for environmental durability. The globalization has lead together with a rapid increase a demand for techniques and there is definitely an increased thrust on alteration of the existing 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. The goal is to promote the utilization belonging to the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). The current share of probable renewable energy regarding energy mix stands close to 15%. The estimated alternative energy 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 present in this sector. Brand new 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 Electricity (MNRE) focuses within 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 within 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 attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Usually also crucial specific that the benefits are extendable to the community, in terms of job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
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 in the environmental sector and deploy measures for that sustainable development for the 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 relation to its growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a associated with cost effective technique for the same Udyog Aadhaar MSME Registration in India the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of dimensions. This is further exaggerated the particular 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 permits limited indulgence of your businesses in the sector.
Opportunities
The acceptance and credibility of small business is a critical factor for achievement of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy sector. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to secure the entrepreneurship in the country, particularly your renewable sector. Numerous are provided conditions of of incubation centres and mentorship. There are also firms and investors available within market, to lend support for saving money business initiatives. The 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.