The renewable power sector in India keeps growing rapidly and presents a way for strong financial returns. Mytrah Energy Limited is listed inside london and is also one of the largest renewable power producers in India today. We’re very happy to present this paper, designed in partnership with PwC India, which is the Indian renewables sector and highlights a number of the differences between it as well as the, perhaps better known, markets in Europe.
Having built a 560 MW operating portfolio over the past five years, Mytrah is benefitting from some 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 promote than alternatives such as coal-fired power.
3. Renewable electricity price is comparable to that regarding electricity using their company sources.
Contrary to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages of truly market-led alternative energy demand, without significant subsidy. Strong support from your Government asia reinforces the marketplace fundamentals, setting up a dynamic market that is rapidly expanding. India already has 35 GW of renewable energy capacity and promises to grow this 500% on the next six years.
What he found in the sector was surprising. India’s wind energy potential is about 80,000 MW; 15,000 MW is attached to the bottom. But there was clearly not really a single large IPP [independent power producer] available. “Countries like Spain have a lot of listed wind entities, but in India it really is near nil. Organic and natural to about 20 listed thermal companies. Plus the next Ten years, wind as an industry will prove to add something such as 50,000 MW. That’s a mainstream number,” says Kailas.
In our view, India is regarded as the exciting power market on earth, particularly for renewables. With 400 MW in construction today and a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continually play a major role from the increase of renewable capacity. Hopefully that you will find this paper to become a useful and informative resource and are glad to engage in further discussion.
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