The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial simply for achieving energy security but also for environmental durability. The globalization has lead with a rapid increase a demand for the vitality 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 coming 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 from the Ultra Mega Power Projects (UMPP). Aadhar Udyog Registration Online in India marketing share of the particular renewable energy regarding energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, actual huge scope used in this sector. Federal government has implemented various projects in the renewable energy sector with an increased exposure of research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Electricity (MNRE) focuses at 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 associated with 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 listings. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Every person also crucial to ensure that the benefits are extendable towards community, in relation to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship is essentially concerned with the innovative business aimed to address the issue of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist the actual environmental sector and deploy measures for that sustainable development for this society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
Current Scenario
The renewable energy sector offers wide opportunity in comparison to its growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a not enough cost effective technique for the same all of the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of storage space. 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 has a tendency to be limited in its reach. This allows for limited indulgence from the businesses in the sector.
Opportunities
The acceptance and credibility of the business is a critical factor for people today . of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy segment. 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 from the renewable sector. Numerous are provided when it comes of incubation centres and mentorship. Lucrative also firms and investors available typically the market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution in the energy. Thus, there is wide variety of options available phrases of of market and finances.