The alternative energy sector in India is growing rapidly and presents a chance for strong financial returns. Mytrah Energy Limited is listed working in london and is among the largest renewable power producers in India today. We have been pleased to present this paper, written in partnership with PwC India, explaining the Indian renewables sector and highlights some of the differences between it and also the, perhaps higher quality, markets in Europe.
Having built a 560 MW operating portfolio over the past five years, Mytrah is benefitting from a number of the key differences highlighted in this paper:
1. India is short of power, and therefore, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is faster to promote than alternatives such as coal-fired power.
3. Renewable electricity costs are comparable to the ones from electricity off their sources.
Not like Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India gains advantage from truly market-led sustainable energy demand, without significant subsidy. Strong support from the Government asia reinforces industry fundamentals, creating a dynamic market which can be rapidly expanding. India already has 35 GW of renewable power capacity and promises to grow this 500% within the next six years.
What he based in the sector was surprising. India’s wind energy potential is all about 80,000 MW; 15,000 MW is definitely attached to the soil. But there was not a single large IPP [independent power producer] in the business. “Countries like Spain have several listed wind entities, however in India it can be near nil. Organic and natural to about 20 listed thermal companies. As well as in the following Ten years, wind as a possible industry include something like 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is easily the most exciting power market on the planet, particularly for renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continually play a serious role inside the development of renewable capacity. Develop you will likely have this paper to become a useful and informative resource and will be thrilled to embark on further discussion.
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