The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial also for achieving energy security but also for environmental durability. The globalization has lead together with a rapid increase on the demand for strength and there is an increased thrust on alteration of the present 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 from the Ultra Mega Power Projects (UMPP). Today’s share of probable renewable energy inside energy mix stands close to 15%. The estimated renewable energy 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 used MSME Online Registration in India this sector. The government has implemented various projects in the renewable energy sector with an focus on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Sustainable energy (MNRE) focuses on 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 seen in the realization among 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 results. 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 make that the benefits are extendable on the community, in relation to job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship basically concerned with the innovative business aimed to address the issue of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist the actual environmental sector and deploy measures for the sustainable development for this society. The recent upthrust by brand new is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
Current Scenario
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a should really consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a connected with cost effective strategy for the same all of the Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of dimensions. This is further exaggerated the particular 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 has a tendency to be limited in its reach. This constructed of limited indulgence of this businesses in the sector.
Opportunities
The acceptance and credibility of the business is a critical factor for the success of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy segment. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to retain the entrepreneurship in the country, particularly from the renewable sector. The benefits are provided when it comes to of incubation centres and mentorship. Lucrative also firms and investors available within market, to lend support for saving money business initiatives. The focus is not only on the generation of the renewable energy, but you’ll find it encompasses the storage and distribution in the energy. Thus, there is wide variety of options available when it comes of market and finances.