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 sustainability. The globalization has lead into a rapid increase your demand for techniques and there is definitely an increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and improvement the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Present-day share of the potential renewable energy within energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW having a total installed capacity of around 310 GW. Thus, actual huge scope specific to 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 Renewable power (MNRE) focuses within the deployment of the projects and incentives through participation throughout 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 among 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 in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Every person also crucial to ensure that the MSME Registration Benefits in India are extendable for the community, in relation to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship fundamentally concerned with the innovative business aimed to address concern 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 the sustainable development of the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity in regards to growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a connected with 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 by the lack of domain expertise and limited awareness and motivation among the people. 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 enables limited indulgence of this businesses in the sector.
The acceptance and credibility of small business is a critical factor for good results of of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy world. 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 offer the entrepreneurship in the country, particularly from the renewable sector. Significantly are provided in terms of incubation centres and mentorship. There are also firms and investors available typically the market, to lend support for saving money business initiatives. The focus is not only on the generation of the renewable energy, but additionally, it encompasses the storage and distribution of this energy. Thus, can be wide variety of options available in terms of market and finances.