The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial also for achieving energy security but also for environmental sustainability. The globalization has lead together with 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 development of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development of the Ultra Mega Power Projects (UMPP). Today’s share of the potential renewable energy regarding energy mix stands close to 15%. The estimated renewable 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 available in this sector. Federal government has implemented various projects Online MSME Registration Form in India the renewable energy sector with an emphasis on research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Sustainable energy (MNRE) focuses within 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 inside the realization of 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 flexible regulatory norms. It is also crucial certain that the benefits are extendable towards community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is essentially concerned with the innovative business aimed to address problem of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist inside of the environmental sector and deploy measures for your sustainable development in the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in regards to growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a lack of cost effective technique 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 guys. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support may be limited in its reach. This constructed of limited indulgence of this businesses in the sector.
The acceptance and credibility of corporation is a critical factor for good results of of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy world. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and others. The government has initiated various programs to retain the entrepreneurship in the country, particularly in the renewable sector. The benefits are provided when it comes to of incubation centres and mentorship. Lucrative also firms and investors available all of the market, to lend support for the green business initiatives. The main 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 on the subject of of market and finances.