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 sustainability. The globalization has lead together with a rapid increase a demand for strength and there a great increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and coming of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization for this 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 within energy mix stands close to 15%. The estimated electrical power 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 present 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 Ministry of New and Sustainable energy (MNRE) focuses at the deployment of the projects and incentives through participation belonging to 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 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 results. The other important factor is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Its also crucial certain that the benefits are extendable towards community, in comparison to its job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship is essentially concerned with the innovative business aimed to address the problem of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist in the environmental sector and deploy measures for the sustainable development for the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
The renewable energy sector offers wide opportunity in relation to its growth and environmental sustainability. There is however a should really consider the evaluation and bench-marking criteria for the businesses in this industry. 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 storage space. This is further exaggerated together with 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 may be limited in its reach. This allows for limited indulgence of the businesses in the sector.
The acceptance and credibility of the is a critical factor for people today . of a green entrepreneurship venture. Irrespective of how plethora of opportunities Udyog Aadhar Application Online in India the various domains of the renewable energy world. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to retain the entrepreneurship in the country, particularly on the inside renewable sector. The benefits are provided with regards to of incubation centres and mentorship. Many 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 furthermore, it encompasses the storage and distribution with the energy. Thus, can be certainly wide variety of options available when it comes of market and finances.