The renewable energy sector in India keeps growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up working in london and it is one of several largest renewable power producers in India today. We have been thrilled to present this paper, designed in partnership with PwC India, which explains the Indian renewables sector and highlights many of the differences between it and the, perhaps also known, markets in Europe.
Having built a 560 MW operating portfolio over the last 5 years, Mytrah is benefitting from many of the key differences highlighted with this paper:
1. India stands of power, and thus, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is quicker to advertise than alternatives such as coal-fired power.
3. Renewable electricity cost is comparable to that relating to electricity off their sources.
Contrary to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India benefits from truly market-led alternative energy demand, without significant subsidy. Strong support from your Government asia reinforces the market industry fundamentals, setting up a dynamic market that is growing rapidly. India already has 35 GW of renewable energy capacity and intends to grow this 500% on the next six years.
What he located in the sector was surprising. India’s wind energy potential is all about 80,000 MW; 15,000 MW is definitely set up on the ground. But there was not a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, but in India it’s close to nil. Match it up to about 20 listed thermal companies. And in the next Ten years, wind as an industry include something similar to 50,000 MW. That’s a mainstream number,” says Kailas.
In our view, India is easily the most exciting power market on earth, for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a serious role from the growth of renewable capacity. Produce your own . you will likely have this paper becoming a useful and informative resource and will be thrilled to embark on further discussion.
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