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 also one of the largest alternative energy producers in India today. We’re glad to present this paper, written 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 5 years, Mytrah is benefitting from a few of the key differences highlighted within this paper:
1. India is brief of power, and thus, new renewable capacity produces electricity for an undersupplied market.
2. Renewable capacity is quicker to market than alternatives including coal-fired power.
3. Renewable electricity cost is comparable to those of electricity off their sources.
Not like Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages from truly market-led sustainable energy demand, without significant subsidy. Strong support from your Government of India reinforces the market industry fundamentals, creating a dynamic market which can be expanding as well. India already has 35 GW of sustainable energy capacity and offers to grow this 500% over the next six years.
What he perfectly located at the sector was surprising. India’s wind energy potential is approximately 80,000 MW; 15,000 MW is already attached to the floor. But there was not just a single large IPP [independent power producer] in the commercial. “Countries like Spain have several listed wind entities, however in India it’s all-around nil. Match it up with to around 20 listed thermal companies. Plus the subsequent Decade, wind being an industry will prove to add similar to 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is easily the most exciting power market in the world, specifically renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play a serious role from the development of renewable capacity. Hopefully you will likely have this paper to become useful and informative resource and will also be pleased to engage in further discussion.
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