The renewable power sector in India is growing rapidly and presents an opportunity for strong financial returns. Mytrah Energy Limited shows up working in london and is also among the largest renewable power producers in India today. We have been pleased to present this paper, written in partnership with PwC India, explaining the Indian renewables sector and highlights some of the differences between it and the, perhaps higher quality, markets in Europe.
Having built a 560 MW operating portfolio over the past 5yrs, 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 quicker to advertise than alternatives for example coal-fired power.
3. Renewable electricity prices are comparable to those of electricity from other sources.
In contrast to Europe, where renewables have generally displaced existing generation capacity and required heavy subsidies, India advantages of truly market-led sustainable energy demand, without significant subsidy. Strong support in the Government asia reinforces industry fundamentals, setting up a dynamic market which can be growing. India already has 35 GW of sustainable energy capacity and intends to grow this 500% on 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 set up on the soil. But there was clearly not only a single large IPP [independent power producer] in the commercial. “Countries like Spain have several listed wind entities, in India it really is near nil. Match it up to about 20 listed thermal companies. Plus the subsequent A decade, wind just as one industry include similar to 50,000 MW. That’s a mainstream number,” says Kailas.
In our view, India is regarded as the exciting power market in the world, designed for renewables. With 400 MW in construction today plus a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited is constantly play a major role from the development of renewable capacity. Produce your own . that might be this paper to become useful and informative resource and will be thrilled to take part in further discussion.
Check out about Ravi Kailas see our site.