The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial simply for achieving energy security but also for environmental durability. The globalization has lead into a rapid increase a demand for strength 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 reduce 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 from the Ultra Mega Power Projects (UMPP). Today’s share of possibilities 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 having 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 increased exposure of research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Renewable power (MNRE) focuses in regards to 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 of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may develop 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 specific that the benefits are extendable towards community, in regards to job opportunities, increased standard of living and environmental durability.

Green Entrepreneurship

Green Entrepreneurship is actually 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 in the environmental sector and deploy measures for that sustainable development for the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.

Current Scenario

The renewable energy sector offers wide opportunity in relation to its growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a deficit of cost effective technique 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 from your 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 is able to be limited in its reach. This will allow limited indulgence of your businesses in the sector.

Opportunities

The acceptance and credibility of the business is a critical factor for good results of of a green entrepreneurship venture. There is 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, numerous. The government has initiated various programs to support the entrepreneurship in the country, particularly the particular renewable sector. Ought to are provided in terms of incubation centres and mentorship. You will also firms and investors available all of the market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but what’s more, it encompasses the storage and distribution MSME Udyog Aadhaar Registration in India the energy. Thus, an incredibly real wide variety of options available when it comes of market and finances.

Tags: No tags