The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial also for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase in the demand for the energy and there is definitely an increased thrust on alteration of the present energy mix. Online Udyog Aadhar Registration in India 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. The aim is to promote the utilization belonging to 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 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, there is huge scope specific to this sector. Brand new has implemented various projects in the renewable energy sector with an emphasis on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electricity (MNRE) focuses relating to 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 within the realization from 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 listings. The other important factor is 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 to the community, in terms of job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship is essentially concerned with the innovative business aimed to address the problem 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 for this society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power sector.
Current Scenario
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a should really consider the evaluation and bench-marking criteria for the businesses in this industry. 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 people. 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 enables limited indulgence with the businesses in the sector.
Opportunities
The acceptance and credibility of corporation is a critical factor for people today . of a green entrepreneurship venture. Have to plethora of opportunities in the various domains of the renewable energy sector. 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 on the inside renewable sector. Ought to are provided in terms of incubation centres and mentorship. Lucrative also firms and investors available in the market, to lend support for the green 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, can be certainly wide variety of options available phrases of of market and finances.