The New and Renewable Energy sector has gained widespread attention in of late. The renewable energy sources are crucial simply for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase a demand for the energy and there a great 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 the potential renewable energy ultimately energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, is actually no huge scope present in this sector. Federal 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 Ministry of New and Renewable power (MNRE) focuses within the deployment of the projects and incentives through participation belonging to 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 within the realization of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may result Udyog Aadhaar Registration Online in India delays as per the anticipated listings. The other important factor end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It’s very also crucial to ensure that the benefits are extendable towards community, in relation to its job opportunities, increased standard of living and environmental sustainability.
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 in 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.
The renewable energy sector offers wide opportunity in relation to its 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 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 customers. 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 of this businesses in the sector.
The acceptance and credibility of the business is a critical factor for good results of of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy world. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, and also so on. The government has initiated various programs to offer the entrepreneurship in the country, particularly the particular renewable sector. Numerous are provided with regards to of incubation centres and mentorship. Many also firms and investors available typically the market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution among the energy. Thus, can be wide variety of options available phrases of of market and finances.