The New and Renewable Energy sector has gained widespread attention SSI Online Registration in India past few years. The renewable energy sources are crucial not only for achieving energy security but also for environmental sustainability. The globalization has lead together with a rapid increase in the demand for power . and there is actually definitely an increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and increase of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The aim is to promote the utilization belonging to the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). Present share of the particular renewable energy regarding energy mix stands close to 15%. The estimated electrical power potential from commercially exploitable sources for India is around 900 GW using a total installed capacity of around 310 GW. Thus, there is huge scope available in this sector. Federal government has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Renewable energy (MNRE) focuses on the deployment of the projects and incentives through participation from 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 seen in 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 good 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. Usually also crucial to ensure that the benefits are extendable for the community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is basically 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 the sustainable development for this society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in terms of growth and environmental sustainability. There is however a require to consider the evaluation and bench-marking criteria for the businesses in this industry. There is also a associated with 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 functions. This is further exaggerated the particular lack of domain expertise and limited awareness and motivation among the travelers. 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 constructed of limited indulgence with the businesses in the sector.
The acceptance and credibility of the is a critical factor for they’re of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy world. These domains include the solar power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, etc. The government has initiated various programs to offer the entrepreneurship in the country, particularly the particular renewable sector. Benefits are provided when it comes to 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 additionally, it encompasses the storage and distribution of the energy. Thus, an extremely wide variety of options available when it comes of market and finances.