The New and Renewable Energy sector has gained widespread attention in recent years. The renewable energy sources are crucial not really for achieving energy security but also for environmental sustainability. The globalization has lead to be able to rapid increase in the demand for power . and there a good increased thrust on alteration of the present energy mix. SSI Certificate Online Registration in India India, the government has implemented various initiatives for the promotion and improvement the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. The goal is to promote the utilization for this renewable energy sources through the policy reforms, public-private partnership and development of this Ultra Mega Power Projects (UMPP). Today’s share of the potential renewable energy regarding 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, actual huge scope present in 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 Secretary of state for New and Electricity (MNRE) focuses in regards 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 with 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 improvements. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and flexible regulatory norms. Every person also crucial certain 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 inside of the environmental sector and deploy measures for your sustainable development of the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the alternative energy sector.
The renewable energy sector offers wide opportunity in relation to growth and environmental sustainability. There is however a need to consider the evaluation and bench-marking criteria for the businesses in this industry. There is also a lack of 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 functions. 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 is able to be limited in its reach. This allows for limited indulgence from the businesses in the sector.
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 market place. These domains include the power technology and installation, bio-fuel generation, bio-fertilizers, consulting services, et cetera. The government has initiated various programs to secure the entrepreneurship in the country, particularly the particular renewable sector. Ought to are provided in terms of incubation centres and mentorship. Many also firms and investors available in 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, can be certainly wide variety of options available with regards to of market and finances.