The alternative energy sector in India is growing rapidly and presents a way for strong financial returns. Mytrah Energy Limited is listed inside london and it is one of several largest renewable energy producers in India today. We have been very happy to present this paper, developed in partnership with PwC India, explaining the Indian renewables sector and highlights a number of the differences between it along with the, perhaps more well known, markets in Europe.
Having built a 560 MW operating portfolio over the past five years, Mytrah is benefitting from many of the key differences highlighted on this paper:
1. India is short of power, and thus, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is quicker to advertise than alternatives including coal-fired power.
3. Renewable electricity cost is just like that regarding electricity from other sources.
Not like Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India gains advantage from truly market-led renewable energy demand, without significant subsidy. Strong support from your Government of India reinforces industry fundamentals, developing a dynamic market which is growing. India already has 35 GW of alternative energy capacity and plans to grow this 500% on the next six years.
What he perfectly located at the sector was surprising. India’s wind energy potential is approximately 80,000 MW; 15,000 MW has already been attached to the soil. But there was clearly not only a single large IPP [independent power producer] in the commercial. “Countries like Spain have several listed wind entities, but in India it really is near to nil. Match it up with to around 20 listed thermal companies. As well as in another 10 years, wind as a possible industry will prove to add something such as 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is among the most exciting power market in the world, particularly for renewables. With 400 MW in construction today and a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a major role from the expansion of renewable capacity. Produce your own . that might be this paper becoming a useful and informative resource and are pleased to take part in further discussion.
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