The renewable energy sector in India keeps growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited is listed inside london and is one of the largest alternative energy producers in India today. We have been very happy to present this paper, written in partnership with PwC India, which explains the Indian renewables sector and highlights some of the differences between it as well as the, perhaps better known, markets in Europe.
Having built a 560 MW operating portfolio during the last five-years, Mytrah is benefitting from some of the key differences highlighted with this paper:
1. India is short of power, thereby, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is quicker to showcase than alternatives including coal-fired power.
3. Renewable electricity price is much like the ones from electricity business sources.
Not like Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India benefits from truly market-led renewable energy demand, without significant subsidy. Strong support in the Government asia reinforces the market fundamentals, developing a dynamic market that is expanding as well. India already has 35 GW of renewable power capacity and plans to grow this 500% over the next six years.
What he located in the sector was surprising. India’s wind energy potential is about 80,000 MW; 15,000 MW has already been set up on the bottom. But there was not just a single large IPP [independent power producer] in the commercial. “Countries like Spain have a lot of listed wind entities, in India it really is near nil. Match it up with to around 20 listed thermal companies. Along with the subsequent A decade, wind as a possible industry will add something such as 50,000 MW. That’s a mainstream number,” says Kailas.
In our view, India is the most exciting power market on the globe, specifically renewables. With 400 MW in construction today along with a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited is constantly play an important role within the expansion of renewable capacity. Develop that you will find this paper to become a useful and informative resource and will also be pleased to embark on further discussion.
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