The New and Renewable Energy sector has gained widespread attention SSI Registration in India Online past few years. The renewable energy sources are crucial also for achieving energy security but also for environmental sustainability. The globalization has lead with a rapid increase in the demand for techniques and there is definitely an increased thrust on alteration of the existing energy mix. In India, the government has implemented various initiatives for the promotion and coming of the renewable energy sources, such as, solar energy, wind energy, bioenergy, geothermal energy, etc. Purpose is to promote the utilization for the renewable energy sources through the policy reforms, public-private partnership and development for this Ultra Mega Power Projects (UMPP). The current share of the particular renewable energy ultimately 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 specific to 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 Ministry of New and Renewable energy (MNRE) focuses on the deployment of the projects and incentives through participation at a 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 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 results. The other important factor will be attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Its also crucial specific that the benefits are extendable into the community, in relation to job opportunities, increased standard of living and environmental durability.
Green Entrepreneurship
Green Entrepreneurship is basically concerned with the innovative business aimed to address the issue 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 your sustainable development of 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 terms of growth and environmental sustainability. There is however a wish to consider the evaluation and bench-marking criteria for the businesses in this category. There is also a lack of 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 functions. 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 has a tendency to be limited in the reach. This constructed of limited indulgence from the businesses in the sector.
Opportunities
The acceptance and credibility of small business is a critical factor for achievement of a green entrepreneurship venture. Irrespective of how plethora of opportunities in the various domains of the renewable energy sector. 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 on the inside renewable sector. Numerous are provided with regards to of incubation centres and mentorship. Strategies also firms and investors available within market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but furthermore, it encompasses the storage and distribution in the energy. Thus, an extremely wide variety of options available when it comes of market and finances.