The renewable energy sector in India keeps growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited is listed working in london and it is one of many largest renewable power producers in India today. We have been very happy to present this paper, written in partnership with PwC India, which explains the Indian renewables sector and highlights many of the differences between it as well as the, perhaps more well known, markets in Europe.
Having built a 560 MW operating portfolio over the past 5 years, Mytrah is benefitting from some of the key differences highlighted within this paper:
1. India is brief of power, and therefore, new renewable capacity produces electricity for an undersupplied market.
2. Renewable capacity is faster to advertise than alternatives for example coal-fired power.
3. Renewable electricity price is just like that regarding electricity business sources.
As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages from truly market-led renewable energy demand, without significant subsidy. Strong support in the Government of India reinforces the market industry fundamentals, making a dynamic market that is growing rapidly. India already has 35 GW of sustainable energy capacity and plans to grow this 500% within the next six years.
What he based in the sector was surprising. India’s wind energy potential is all about 80,000 MW; 15,000 MW is definitely placed on the ground. But there was not only a single large IPP [independent power producer] in the industry. “Countries like Spain have a lot of listed wind entities, but in India it’s close to nil. Match it up about 20 listed thermal companies. Plus the subsequent 10 years, wind being an industry include something like 50,000 MW. That’s a mainstream number,” says Kailas.
As we see it, India is easily the most exciting power market on the globe, for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited is constantly play an important role in the increase of renewable capacity. We hope that you will find this paper becoming a useful and informative resource and will be thrilled to engage in further discussion.
To read more about Ravi Kailas just go to this useful resource.
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