The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial not really for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase the particular 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 coming of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The aim is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). Present 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, there is huge scope associated with this sector. The 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 Ministry of New and Electricity (MNRE) focuses at 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 associated with the realization of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated good 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. Usually also crucial certain that the benefits are extendable for the community, in regards to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship fundamentally 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 environmental sector and deploy measures for that sustainable development in the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge Udyog Aadhaar Registration in India the electrical power sector.
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a require 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 in the 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 the public. 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 the reach. This permits 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, etc. The government has initiated various programs to secure the entrepreneurship in the country, particularly on the inside renewable sector. The benefits are provided conditions of of incubation centres and mentorship. Many also firms and investors available in the market, to lend support for saving money business initiatives. The 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, can be wide variety of options available with regards to of market and finances.