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 sustainability. The globalization has lead with a rapid increase a demand for strength and there a good increased thrust on alteration of the existing 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. Intention 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). Udyog Aadhaar Registration Online in India marketing share of probable renewable energy in the 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, there is huge scope present in 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 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 good results. The other important factor in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Its also crucial to ensure that the benefits are extendable on the community, in terms of job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship is basically concerned with the innovative business aimed to address the issue of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist the actual world environmental sector and deploy measures for that sustainable development for this society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
The renewable energy sector offers wide opportunity in relation to its growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this sector. There is also a connected with cost effective technique for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of functions. This is further exaggerated by the 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 is able to be limited in the reach. This constructed of limited indulgence of the businesses in the sector.
The acceptance and credibility of the business is a critical factor for achievement of a green entrepreneurship venture. Irrespective of how 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, and others. The government has initiated various programs to support the entrepreneurship in the country, particularly from the renewable sector. Benefits are provided when it comes of incubation centres and mentorship. Lucrative 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 you’ll find it encompasses the storage and distribution with the energy. Thus, can be certainly wide variety of options available when it comes of market and finances.