The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial simply for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase a 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 development of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal is to promote the utilization for this renewable energy sources through the policy reforms, public-private partnership and development of the Ultra Mega Power Projects (UMPP). Online marketing share of the potential renewable energy inside energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, is actually no huge scope specific to this sector. The government has implemented various projects in the renewable energy sector with an increased exposure of research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electricity (MNRE) focuses within 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 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 improvements. The other important factor is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It’s very also crucial to ensure that the benefits are extendable to 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 the issue 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 in the society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this area. There is also a lack of cost effective strategy 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 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 may be limited in the reach. This permits limited indulgence of your businesses in the sector.
The acceptance and credibility of business is a critical factor for achievement of a green entrepreneurship venture. Actual plethora of opportunities MSME Registration Fees in India 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 offer the entrepreneurship in the country, particularly the particular renewable sector. Ought to are provided conditions of of incubation centres and mentorship. You will also firms and investors available typically the market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution among the energy. Thus, can be wide variety of options available in terms of market and finances.