The renewable power sector in India keeps growing rapidly and presents a chance for strong financial returns. Mytrah Energy Limited is listed inside london and it is one of the largest sustainable energy producers in India today. We are very happy to present this paper, designed in partnership with PwC India, which is the Indian renewables sector and highlights some of the differences between it and also the, perhaps better known, markets in Europe.
Having built a 560 MW operating portfolio over the last five years, Mytrah is benefitting from some of the key differences highlighted in this paper:
1. India stands of power, thereby, new renewable capacity produces electricity on an undersupplied market.
2. Renewable capacity is faster to promote than alternatives for example coal-fired power.
3. Renewable electricity cost is similar to the ones from electricity from other sources.
As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages from truly market-led renewable power demand, without significant subsidy. Strong support from the Government of India reinforces industry fundamentals, creating a dynamic market which can be rapidly expanding. India already has 35 GW of renewable energy capacity and promises to grow this 500% in the next six years.
What he based in the sector was surprising. India’s wind energy potential is approximately 80,000 MW; 15,000 MW is installed on the bottom. But there were not just a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, in India it can be near to nil. Match it up about 20 listed thermal companies. And in the next A decade, wind as a possible industry create similar to 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is regarded as the exciting power market on the planet, particularly for renewables. With 400 MW in construction today and a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continuously play a major role within the expansion of renewable capacity. Hopefully you will likely have this paper to be a useful and informative resource and you will be pleased to take part in further discussion.
For additional information about Ravi Kailas go this popular web page.