The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial just for achieving energy security but also for environmental durability. The globalization has lead to a rapid increase in the demand for strength and there is actually definitely an increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and reduce 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 this Ultra Mega Power Projects (UMPP). The current share of the particular renewable energy in the 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, there is huge scope used 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 Electricity (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 present in the realization among the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may result in delays as per the anticipated listings. The other important factor will be 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 to the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is basically concerned with the innovative business aimed to address the matter 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 of your society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity in comparison to its 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 deficit of cost effective strategy for the same all of the 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 travelers. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support is able to be limited in its reach. This allows for limited indulgence with the businesses Online MSME Registration Form in India the sector.
The acceptance and credibility of the is a critical factor for achievement of a green entrepreneurship venture. Irrespective of how 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, etc. The government has initiated various programs to support the entrepreneurship in the country, particularly in the renewable sector. Numerous are provided conditions of of incubation centres and mentorship. Lucrative also firms and investors available the actual planet market, to lend support for saving money business initiatives. The focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution of this energy. Thus, an extremely wide variety of options available phrases of of market and finances.