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 be able to rapid increase the particular demand for the energy and there is an increased thrust on alteration of the existing energy mix. SSI Online Registration in India India, the government has implemented various initiatives for the promotion and improvement the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development of the Ultra Mega Power Projects (UMPP). Present-day share of possible 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 by using a total installed capacity of around 310 GW. Thus, it comes with huge scope available in this sector. Federal government has implemented various projects in the renewable energy sector with an focus research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electricity (MNRE) focuses at the deployment of the projects and incentives through participation out of your 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 within 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 good results. The other important factor is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It is also crucial to ensure that the benefits are extendable towards community, in relation to its job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship is essentially concerned with the innovative business aimed to address concern of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist the actual environmental sector and deploy measures for that sustainable development of the society. The recent upthrust by federal 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 its 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 associated with cost effective strategy 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 through 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 it seems to be limited in the reach. This constructed of 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. Have to 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, and others. The government has initiated various programs to secure the entrepreneurship in the country, particularly your renewable sector. Ought to are provided when it comes of incubation centres and mentorship. Strategies also firms and investors available within 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 wide variety of options available phrases of of market and finances.