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 a demand for the energy 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 development of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Today’s share of the particular renewable energy within energy mix stands close to 15%. The estimated electricity 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 associated with this sector. Federal 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 at 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 inside the realization from the renewable energy mission SSI Online Registration Form in India terms of credit risk, technical risk, policy risk and social factors, which may result in delays as per the anticipated listings. The other important factor is to attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Usually also crucial to make that the benefits are extendable to the community, in relation to job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship basically concerned with the innovative business aimed to address problem of environmental concerns and offering solutions to mitigate the associated problems. These businesses leverage the opportunities that exist the actual world environmental sector and deploy measures for the sustainable development for this society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in regards to growth and environmental sustainability. There is however a require to consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a not enough cost effective technique for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of storage space. This is further exaggerated the particular 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 may be limited in its reach. This will allow limited indulgence with the businesses in the sector.
The acceptance and credibility of corporation is a critical factor for good results of of a green entrepreneurship venture. Actual 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, etc. The government has initiated various programs to offer the entrepreneurship in the country, particularly the particular renewable sector. The benefits are provided conditions of of incubation centres and mentorship. Strategies also firms and investors available typically the market, to lend support for saving money 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, there is wide variety of options available with regards to of market and finances.