The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial not only for achieving energy security but also for environmental durability. The globalization has lead together with a rapid increase the particular demand for strength and there is an 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 this renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Present share of possible renewable energy within energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW by using a total installed capacity of around 310 GW. Thus, is actually no huge scope associated with this sector. Federal government has implemented various projects in the renewable energy sector with an emphasis 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 throughout 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 with the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may lead to 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 versatile regulatory norms. Every person also crucial to ensure that the benefits are extendable to the community, in relation to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship basically concerned with the innovative business aimed to address concern 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 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.
Current Scenario
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 niche. There is also a lack of cost effective technique for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of storage space. This is further exaggerated through lack of domain expertise and limited awareness and motivation among the customers. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support it seems to be limited in its reach. This permits limited indulgence of the businesses in the sector.
Opportunities
The acceptance and credibility of small business is a critical factor for achievement of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy world. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to secure the entrepreneurship Aadhar Udyog Registration Online in India the country, particularly from the renewable sector. Numerous are provided conditions of of incubation centres and mentorship. You will also firms and investors available in the 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 with the energy. Thus, an incredibly real wide variety of options available when it comes of market and finances.