The sustainable energy sector in India is increasing rapidly and presents a way for strong financial returns. Mytrah Energy Limited is listed inside london and is also among the largest sustainable energy producers in India today. We are thrilled to present this paper, coded in partnership with PwC India, which explains the Indian renewables sector and highlights many of the differences between it along with the, perhaps more well 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 on this paper:
1. India is short of power, thereby, new renewable capacity produces electricity to have an undersupplied market.
2. Renewable capacity is faster to promote than alternatives for example coal-fired power.
3. Renewable electricity price is just like that relating to electricity from other sources.
As opposed to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India gains advantage from truly market-led renewable power demand, without significant subsidy. Strong support from your Government of India reinforces the market industry fundamentals, setting up a dynamic market which is rapidly expanding. India already has 35 GW of alternative energy capacity and intends to grow this 500% within 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 is definitely set up on the bottom. But there was clearly not a single large IPP [independent power producer] in the industry. “Countries like Spain have several listed wind entities, in India it really is near to nil. Compare this to around 20 listed thermal companies. As well as in another Decade, wind just as one industry will prove to add something like 50,000 MW. That’s a mainstream number,” says Kailas.
As we see it, India is among the most exciting power market on earth, designed for renewables. With 400 MW in construction today as well as a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited will continue to play an important role inside the development of renewable capacity. We hope you will have this paper to be a useful and informative resource and will also be thrilled to participate in further discussion.
For more information about Ravi Kailas go to the best resource.