The New and Renewable Energy sector has gained widespread attention in the recent past. The renewable energy sources are crucial not only for achieving energy security but also for environmental durability. The globalization has lead to be able to rapid increase a demand for power . and there a good 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. The goal is to promote the utilization on the renewable energy sources through the policy reforms, public-private partnership and development from the Ultra Mega Power Projects (UMPP). Online marketing share of the particular renewable energy regarding energy mix stands close to 15%. The estimated sustainable energy potential from commercially exploitable sources for India is around 900 GW using a total installed capacity of around 310 GW. Thus, is actually an huge scope specific to this sector. Federal government has implemented various projects MSME Registration Process in India the renewable energy sector with an focus on research and development, technical and financial support, public awareness and public-private sector synergy. The Ministry of New and Electrical power (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 associated with the realization from the renewable energy mission in terms of credit risk, technical risk, policy risk and social factors, which may produced delays as per the anticipated results. The other important factor is attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. Usually also crucial to ensure that the benefits are extendable towards community, in terms of job opportunities, increased standard of living and environmental sustainability.
Green Entrepreneurship is basically concerned with the innovative business aimed to address the 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 the sustainable development in the society. The recent upthrust by federal government is enabling diverse opportunities for these entrepreneurs to gauge in the electricity sector.
The renewable energy sector offers wide opportunity in relation to its 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 connected with cost effective technique for the same each morning Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of capacity. This is further exaggerated the particular 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 permits limited indulgence of this businesses in the sector.
The acceptance and credibility of corporation is a critical factor for the success of a green entrepreneurship venture. Hard work plethora of opportunities in the various domains of the renewable energy market place. These domains include the solar power 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 the particular renewable sector. Ought to are provided conditions of of incubation centres and mentorship. Strategies also firms and investors available within market, to lend support for saving money business initiatives. The main focus is not only on the generation of the renewable energy, but additionally, it encompasses the storage and distribution of the energy. Thus, there is wide variety of options available in terms of market and finances.