The New and Renewable Energy sector has gained widespread attention in recent times. The renewable energy sources are crucial not really for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase in the demand for strength and there is definitely an increased thrust on alteration of the present energy mix. Aadhar Udyog Registration in India 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. The goal is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development on the Ultra Mega Power Projects (UMPP). Present-day share of the particular renewable energy within energy mix stands close to 15%. The estimated alternative energy potential from commercially exploitable sources for India is around 900 GW by using a total installed capacity of around 310 GW. Thus, there is huge scope associated with this sector. Brand new has implemented various projects in the renewable energy sector with an concentrate on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electricity (MNRE) focuses in regards to the deployment of the projects and incentives through participation from 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 present in the realization of the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may lead to 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. Its also crucial to ensure that the benefits are extendable for the community, in regards to job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship is actually concerned with the innovative business aimed to address concern of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist the actual world environmental sector and deploy measures for that sustainable development for this society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
Current Scenario
The renewable energy sector offers wide opportunity in comparison to its 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 lack of cost effective strategy for the same a Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated by the 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 constructed of limited indulgence of the businesses in the sector.
Opportunities
The acceptance and credibility of corporation is a critical factor for the success of a green entrepreneurship venture. Actual plethora of opportunities in the various domains of the renewable energy world. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to support the entrepreneurship in the country, particularly in the renewable sector. Numerous are provided conditions of of incubation centres and mentorship. Many also firms and investors available the actual planet market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but additionally, it encompasses the storage and distribution in the energy. Thus, can be wide variety of options available in terms of market and finances.