The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial just for achieving energy security but also for environmental sustainability. The globalization has lead to a rapid increase on the demand for the vitality 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 increase of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Intention is to promote the utilization of the renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). The current share of probable renewable energy within energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW having a total installed capacity of around 310 GW. Thus, actual huge scope available in this sector. Brand new 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 energy (MNRE) focuses relating to 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 seen in the realization from the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may end up in delays as per the anticipated listings. The other important factor in order to use attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. It is also crucial certain that the benefits are extendable on the community, in relation to its job opportunities, increased standard of living and environmental durability.

Green Entrepreneurship

Green Entrepreneurship is basically concerned with the innovative business aimed to address problem of environmental concerns and offering in order to mitigate the associated problems. These businesses leverage the opportunities that exist on environmental sector and deploy measures for your sustainable development in the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the electrical power sector.

Current Scenario

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 technique for the same in the 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 customers. The government, although, has developed policies for supporting the green entrepreneurship and has provided different incentives, but this support it seems to be limited in the reach. This enables limited indulgence of this businesses in the sector.

Opportunities

The acceptance and credibility of corporation is a critical factor for good results of of a green entrepreneurship venture. There is plethora of opportunities in the various domains of the renewable energy sector. These domains include the solar energy technology and installation, bio-fuel generation, bio-fertilizers, consulting services, numerous. The government has initiated various programs to secure the entrepreneurship in the country, particularly Aadhar Udyog Registration Online in India the renewable sector. Ought to are provided with regards to of incubation centres and mentorship. There are also firms and investors available all of the market, to lend support for saving money 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, there is wide variety of options available in terms of market and finances.

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