The renewable power sector in India continues to grow rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up london and it is one of several largest alternative energy producers in India today. We are very happy to present this paper, coded in partnership with PwC India, explaining the Indian renewables sector and highlights a number of the differences between it along with the, perhaps also known, markets in Europe.
Having built a 560 MW operating portfolio throughout the last five-years, Mytrah is benefitting from some of the key differences highlighted in this paper:
1. India is brief of power, and so, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is faster to market than alternatives including coal-fired power.
3. Renewable electricity price is comparable to those of 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 power demand, without significant subsidy. Strong support in the Government asia reinforces the market fundamentals, setting up a dynamic market which is growing rapidly. India already has 35 GW of renewable energy capacity and plans to grow this 500% on 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 already set up on the ground. But there is not just a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, but in India it is close to nil. Match it up with to around 20 listed thermal companies. Along with the following Decade, wind as an industry create something such as 50,000 MW. That’s a mainstream number,” says Kailas.
As we see it, India is the most exciting power market on the globe, designed for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited is constantly play a serious role from the increase of renewable capacity. Produce your own . you will likely have this paper to be a useful and informative resource and will also be very happy to embark on further discussion.
More details about Ravi Kailas view this popular web site.