The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial also for achieving energy security but also for environmental durability. The globalization has lead into a rapid increase MSME Registration Online in India the demand for power . and there is actually definitely an 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 for the renewable energy sources through the policy reforms, public-private partnership and development of the Ultra Mega Power Projects (UMPP). Present share of the particular renewable energy in the 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, it comes with huge scope available in 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 Secretary of state for New and Sustainable energy (MNRE) focuses at the deployment of the projects and incentives through participation at a 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 present in the realization with 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 results. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Usually also crucial to ensure that the benefits 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 problem of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist on 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 electrical power sector.
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a connected with cost effective technique for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated through 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 it seems to be limited in the reach. This will allow limited indulgence of your businesses in the sector.
The acceptance and credibility of the business is a critical factor for they’re of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to support the entrepreneurship in the country, particularly the particular renewable sector. Ought to are provided when it comes to of incubation centres and mentorship. Strategies also firms and investors available typically the market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but you’ll find it encompasses the storage and distribution among the energy. Thus, there is wide variety of options available when it comes of market and finances.