The New and Renewable Energy sector has gained widespread attention in the recent past. 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 in the demand for techniques 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 increase of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal 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 the potential renewable energy ultimately energy mix stands close to 15%. The estimated renewable energy potential from commercially exploitable sources for India is around 900 GW along with a total installed capacity of around 310 GW. Thus, is actually no 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 Secretary of state for New and Electrical power (MNRE) focuses on the deployment of the projects and incentives through participation throughout 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 with the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated results. The other important factor end up being attract new entrants SSI Registration Certificate Online in India this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Every person also crucial to make that the benefits are extendable into the community, in regards 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 matter of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist on environmental sector and deploy measures for your sustainable development in the society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power 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 industry. There is also a connected with cost effective strategy for the same in the 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 people. 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 enables limited indulgence of your businesses in the sector.
Opportunities
The acceptance and credibility of corporation is a critical factor for the success of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy niche. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to offer the entrepreneurship in the country, particularly from the renewable sector. Numerous are provided when it comes of incubation centres and mentorship. There are also firms and investors available the actual planet market, to lend support for the green business initiatives. The focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution of the energy. Thus, can be certainly wide variety of options available in terms of market and finances.