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 durability. The globalization has lead to a rapid increase on the demand for the energy and there a good increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and improvement the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). Today’s share of the potential 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, it comes with huge scope present 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 Electricity (MNRE) focuses in regards to 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 among 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 flexible regulatory norms. Usually also crucial specific that the benefits are extendable to the community, in relation to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is actually concerned with the innovative business aimed to address the problem of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist on environmental sector and deploy measures for your sustainable development for this society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity SSI Online Registration Form in India 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 associated with cost effective strategy 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 together with 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 the reach. This enables limited indulgence with the businesses in the sector.
The acceptance and credibility of the business is a critical factor for the success of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to offer the entrepreneurship in the country, particularly on the inside renewable sector. Significantly are provided when it comes of incubation centres and mentorship. Many also firms and investors available within market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution of the energy. Thus, can be wide variety of options available when it comes of market and finances.