The renewable energy sector in India is growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up london and is one of several largest alternative energy producers in India today. We are thrilled to present this paper, designed in partnership with PwC India, which explains the Indian renewables sector and highlights a few of the differences between it along with the, perhaps also known, markets in Europe.
Having built a 560 MW operating portfolio over the past 5 years, Mytrah is benefitting from a few of the key differences highlighted in this paper:
1. India is brief of power, thereby, new renewable capacity produces electricity on an undersupplied market.
2. Renewable capacity is faster to showcase than alternatives like coal-fired power.
3. Renewable electricity price is similar to those of electricity from other sources.
Contrary to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India benefits from truly market-led sustainable energy demand, without significant subsidy. Strong support through the Government asia reinforces industry fundamentals, creating a dynamic market which can be expanding as well. India already has 35 GW of renewable power capacity and intends to grow this 500% in the next six years.
What he located in the sector was surprising. India’s wind energy potential is approximately 80,000 MW; 15,000 MW is definitely placed on the ground. But there were not really a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, but in India it’s near nil. Match it up to about 20 listed thermal companies. And in the next Ten years, wind being an industry create something such as 50,000 MW. That’s a mainstream number,” says Kailas.
In our view, India is regarded as the exciting power market in the world, particularly for renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a major role within the increase of renewable capacity. Hopefully you will have this paper becoming a useful and informative resource and will also be thrilled to engage in further discussion.
More details about Ravi Kailas visit this web page.