The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial also for achieving energy security but also for environmental sustainability. The globalization has lead to a rapid increase the particular demand for power . 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 reduce the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization for this renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). The current share of possibilities renewable energy ultimately energy mix stands close to 15%. The estimated electrical power 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 used in this sector. Federal government has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Renewable energy (MNRE) focuses in regards to 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 seen in the realization from the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may result in delays as per the anticipated improvements. The other important factor is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Its also crucial specific that the benefits are extendable for the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship basically concerned with the innovative business aimed to address problem of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist inside of the environmental sector and deploy measures for your sustainable development of the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the renewable power sector.
Current Scenario
The renewable energy sector offers wide opportunity in comparison to its growth and environmental sustainability. There is however a should really consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a deficit of cost effective strategy for the same in 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 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 with the businesses Online SSI Registration in India the sector.
Opportunities
The acceptance and credibility of the is a critical factor for achievement of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy market place. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and also so on. The government has initiated various programs to aid the entrepreneurship in the country, particularly your renewable sector. Numerous 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 main focus is not only on the generation of the renewable energy, but what’s more, it encompasses the storage and distribution of the energy. Thus, an incredibly real wide variety of options available phrases of of market and finances.