The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial not really for achieving energy security but also for environmental durability. The globalization has lead together with a rapid increase in the demand for the energy 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 coming of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The aim is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Present-day share of probable renewable energy in the energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW using a total installed capacity of around 310 GW. Thus, it comes with huge scope used in this sector. Brand new 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 Electricity (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 from 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 improvements. 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 to ensure that the benefits are extendable towards community, in relation to job opportunities, increased standard of living and environmental durability.

Green Entrepreneurship

Green Entrepreneurship is basically 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 MSME Registration in India Online 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.

Current Scenario

The renewable energy sector offers wide opportunity in terms of 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 not enough cost effective strategy for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of dimensions. This is further exaggerated by the 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 is able to be limited in the reach. This permits limited indulgence from the businesses in the sector.

Opportunities

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 market place. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to aid the entrepreneurship in the country, particularly your renewable sector. Significantly are provided in terms of incubation centres and mentorship. Many also firms and investors available the actual planet 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 in the energy. Thus, can be wide variety of options available on the subject of of market and finances.

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