The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial also for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase in the demand for power . and there is an increased thrust on alteration of the existing energy mix. In 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. Intention is to promote the utilization for this renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). Present share of possible renewable energy within energy mix stands close to 15%. The estimated electrical power potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, actual huge scope specific to 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 Sustainable energy (MNRE) focuses in regards to 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 seen 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 results. The other important factor is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Its also crucial certain that the benefits are extendable to the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship basically 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 that sustainable development of your society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in comparison to its growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a not enough cost effective technique for the same in the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of dimensions. This is further exaggerated through lack of domain expertise and limited awareness and motivation among the the public. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support has a tendency to be limited in its reach. This enables limited indulgence of your businesses in the sector.
The acceptance and credibility of the business is a critical factor for people today . of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy niche. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to retain the entrepreneurship in the country, particularly your renewable sector. Significantly are provided conditions of of incubation centres and mentorship. Lucrative also firms and investors available in the market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but additionally, it encompasses the storage and distribution with the energy. Thus, an incredibly real wide variety of options available Online Udyog Aadhar Certificate In India terms of market and finances.