The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial not only for achieving energy security but also for environmental sustainability. The globalization has lead to a rapid increase in the demand for the energy 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 reduce 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). Udyog Aadhaar Registration Online in India marketing share of possible renewable energy inside energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, is actually no huge scope associated with this sector. Brand new 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 Electricity (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 end up in 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. Every person also crucial certain that the benefits are extendable for the community, in terms of job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship is actually 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 on environmental sector and deploy measures for that sustainable development in the society. The recent upthrust by federal 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 require to consider the evaluation and bench-marking criteria for the businesses in this sector. There is also a deficit of cost effective strategy 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 from your lack of domain expertise and limited awareness and motivation among the people. 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 the reach. This allows for limited indulgence of your businesses in the sector.
Opportunities
The acceptance and credibility of the is a critical factor for people today . of a green entrepreneurship venture. Have to plethora of opportunities in the various domains of the renewable energy market place. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to secure the entrepreneurship in the country, particularly your renewable sector. The benefits are provided when it comes to 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 it also encompasses the storage and distribution with the energy. Thus, can be certainly wide variety of options available with regards to of market and finances.