The New and Renewable Energy sector has gained widespread attention in past few years. The renewable energy sources are crucial just for achieving energy security but also for environmental durability. The globalization has lead together with a rapid increase in the demand for the vitality and there a great increased thrust on alteration of the existing 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. The goal is to promote the utilization for this renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). The current share of possible renewable energy within energy mix stands close to 15%. The estimated renewable energy potential from commercially exploitable sources for India is around 900 GW by using a total installed capacity of around 310 GW. Thus, is actually no huge scope present in this sector. The 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 Ministry of New and Renewable power (MNRE) focuses within the deployment of the projects and incentives through participation belonging to 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 within the realization belonging to the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may result in delays as per the anticipated good results. The other important factor is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Every person also crucial specific that the benefits are extendable on the community, in comparison to its job opportunities, increased standard of living and environmental sustainability.

Green Entrepreneurship

Green Entrepreneurship fundamentally 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 in the environmental sector and deploy measures for that sustainable development for the 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 Udyog Aadhar MSME Registration Online in India relation to growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this industry. There is also a associated with cost effective strategy 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 from your 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 seems to be limited in the reach. This enables limited indulgence of your businesses in the sector.

Opportunities

The acceptance and credibility of corporation is a critical factor for people today . 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, and others. The government has initiated various programs to offer the entrepreneurship in the country, particularly in the renewable sector. Benefits are provided with regards to of incubation centres and mentorship. There are 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 it also encompasses the storage and distribution of this energy. Thus, can be wide variety of options available on the subject of of market and finances.

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