The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial not really for achieving energy security but also for environmental durability. The globalization has lead into a rapid increase in the demand for the energy 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 increase of 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 for this Ultra Mega Power Projects (UMPP). The current share of possibilities renewable energy inside energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW using a total installed capacity of around 310 GW. Thus, actual huge scope associated with this sector. Brand new has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electrical power (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 inside the realization of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may lead to delays as per the anticipated listings. The other important factor end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Its also crucial to make that the benefits are extendable towards community, SSI Registration Certificate Online in India regards to job opportunities, increased standard of living and environmental durability.

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 inside of the environmental sector and deploy measures for that 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.

Current Scenario

The renewable energy sector offers wide opportunity in regards to growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a not enough cost effective strategy for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of functions. 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 seems to be limited in its reach. This permits limited indulgence with the businesses in the sector.

Opportunities

The acceptance and credibility of the is a critical factor for people today . of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy world. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and others. The government has initiated various programs to secure the entrepreneurship in the country, particularly the particular renewable sector. Numerous are provided when it comes of incubation centres and mentorship. Strategies also firms and investors available all of the market, to lend support for the green 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 this energy. Thus, can be certainly wide variety of options available in terms of market and finances.

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