The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial not really for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase a demand for the energy and there a good increased thrust on alteration of the existing 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. The goal 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 the potential renewable energy inside energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW by using 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 emphasis on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electrical power (MNRE) focuses relating to 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 inside the realization from the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may develop delays as per the anticipated results. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It’s very also crucial to ensure that the benefits are extendable on the community, in relation to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship
Green Entrepreneurship is actually concerned with the innovative business aimed to address the problem of environmental concerns and offering Udyog Aadhar Online Registration in India order to mitigate the associated problems. These businesses leverage the opportunities that exist in the environmental sector and deploy measures for that sustainable development of the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
Current Scenario
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this industry. There is also a not enough cost effective technique for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated from your lack of domain expertise and limited awareness and motivation among the travelers. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support may be limited in the reach. This constructed of limited indulgence of this businesses in the sector.
Opportunities
The acceptance and credibility of corporation is a critical factor for they’re of a green entrepreneurship venture. Have to plethora of opportunities in the various domains of the renewable energy sector. 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 support the entrepreneurship in the country, particularly your renewable sector. The benefits are provided when it comes of incubation centres and mentorship. Many also firms and investors available in the market, to lend support for saving money 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 phrases of of market and finances.