The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial just for achieving energy security but also for environmental sustainability. The globalization has lead into a rapid increase in the demand for the vitality and there a great increased thrust on alteration of the present energy mix. In India, the government has implemented various initiatives for the promotion and reduce the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Intention is to promote the utilization for the renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). The current share of possible renewable energy ultimately energy mix stands close to 15%. The estimated electricity potential from commercially exploitable sources for India is around 900 GW with a total installed capacity of around 310 GW. Thus, actual huge scope used Udyog Aadhar Registration in India this sector. Federal government has implemented various projects in the renewable energy sector with an focus research and development, technical and financial support, public awareness and public-private sector synergy. The Secretary of state for New and Renewable power (MNRE) focuses on 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 inside the realization of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated listings. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It’s very also crucial certain that the benefits are extendable on the community, in relation to job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship is actually 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 that sustainable development for this society. The recent upthrust by the government is enabling diverse opportunities for these entrepreneurs to gauge in the renewable energy sector.
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a will need to consider the evaluation and bench-marking criteria for the businesses in this sector. 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 capacity. This is further exaggerated together with lack of domain expertise and limited awareness and motivation among the the public. 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 will allow limited indulgence of this businesses in the sector.
The acceptance and credibility of small business is a critical factor for people today . of a green entrepreneurship venture. Actual 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, numerous. The government has initiated various programs to retain the entrepreneurship in the country, particularly on the inside renewable sector. Significantly are provided with regards to of incubation centres and mentorship. There are 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 in the energy. Thus, can be wide variety of options available when it comes of market and finances.