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 durability. The globalization has lead together with a rapid increase in the demand for techniques 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 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 from the Ultra Mega Power Projects (UMPP). SSI Online Registration Form in India marketing share of the potential renewable energy in the energy mix stands close to 15%. The estimated electrical power potential from commercially exploitable sources for India is around 900 GW using a total installed capacity of around 310 GW. Thus, actual huge scope specific to this sector. Federal 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 Electricity (MNRE) focuses in regards to the deployment of the projects and incentives through participation out of your 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 produced delays as per the anticipated listings. The other important factor end up being attract new entrants in this sector by ensuring credible and genuine returns, expansion opportunity and versatile regulatory norms. It is also crucial certain that the benefits are extendable into the community, in relation to its job opportunities, increased standard of living and environmental sustainability.

Green Entrepreneurship

Green Entrepreneurship fundamentally 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 the actual environmental sector and deploy measures for the sustainable development of your 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 need to consider the evaluation and bench-marking criteria for the businesses in this niche. There is also a not enough cost effective technique for the same on Indian scenario. The enterprises are marred by high initial costs and computation methods for the estimation of storage space. 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 has a tendency to be limited in the reach. This allows for limited indulgence with the businesses in the sector.

Opportunities

The acceptance and credibility of the business is a critical factor for achievement of a green entrepreneurship venture. There is 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, etc. The government has initiated various programs to aid the entrepreneurship in the country, particularly in the renewable sector. Significantly are provided when it comes of incubation centres and mentorship. Many also firms and investors available in the market, to lend support for the green business initiatives. The main focus is not only on the generation of the renewable energy, but it also encompasses the storage and distribution of the energy. Thus, can be wide variety of options available in terms of market and finances.