The sustainable energy sector in India is growing rapidly and presents a way for strong financial returns. Mytrah Energy Limited is listed working in london which is one of the largest alternative energy producers in India today. We are glad to present this paper, developed in partnership with PwC India, which is the Indian renewables sector and highlights some of the differences between it and also the, perhaps more well known, markets in Europe.
Having built a 560 MW operating portfolio over the last 5yrs, Mytrah is benefitting from some of the key differences highlighted in this paper:
1. India is brief of power, and therefore, new renewable capacity produces electricity with an undersupplied market.
2. Renewable capacity is quicker to showcase than alternatives for example coal-fired power.
3. Renewable electricity prices are just like the ones from electricity from other 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 in the Government of India reinforces industry fundamentals, creating a dynamic market that is rapidly expanding. India already has 35 GW of alternative energy capacity and offers to grow this 500% within the next six years.
What he located in the sector was surprising. India’s wind energy potential is around 80,000 MW; 15,000 MW is definitely installed on the ground. But there is not really a single large IPP [independent power producer] in the commercial. “Countries like Spain have a lot of listed wind entities, but also in India it’s close to nil. Compare this about 20 listed thermal companies. And in the following Decade, wind just as one industry will add something such as 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 is constantly play a major role inside the increase of renewable capacity. Develop you will likely have this paper to become useful and informative resource and are pleased to participate in further discussion.
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