The renewable energy sector in India is growing rapidly and presents a chance for strong financial returns. Mytrah Energy Limited shows up working in london and is one of the largest sustainable energy producers in India today. We’re pleased to present this paper, written in partnership with PwC India, which is the Indian renewables sector and highlights a few of the differences between it and 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 on this paper:
1. India is short of power, and thus, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is quicker to promote than alternatives like coal-fired power.
3. Renewable electricity price is much like those of electricity off their sources.
Not like 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 the marketplace fundamentals, developing a dynamic market which can be growing rapidly. India already has 35 GW of alternative energy capacity and intends to grow this 500% on the next six years.
What he located in the sector was surprising. India’s wind energy potential is all about 80,000 MW; 15,000 MW is set up on the ground. But there is not a single large IPP [independent power producer] available. “Countries like Spain have several listed wind entities, however in India it can be near nil. Match it up to around 20 listed thermal companies. Along with the following A decade, wind as an industry create something like 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is among 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 major role within the development of renewable capacity. Hopefully that might be this paper to become useful and informative resource and you will be thrilled to embark on further discussion.
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