The sustainable energy sector in India is increasing rapidly and presents a way for strong financial returns. Mytrah Energy Limited shows up london and is one of many largest renewable power producers in India today. We are pleased to present this paper, developed in partnership with PwC India, explaining the Indian renewables sector and highlights many of the differences between it as well as the, perhaps more well known, markets in Europe.
Having built a 560 MW operating portfolio throughout the last five years, Mytrah is benefitting from a number 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 market than alternatives like coal-fired power.
3. Renewable electricity price is similar to the ones from electricity business 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 the Government of India reinforces the marketplace fundamentals, making a dynamic market that’s expanding as well. India already has 35 GW of renewable power capacity and intends to grow this 500% in 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 already placed on the floor. But there were not a single large IPP [independent power producer] in the industry. “Countries like Spain have several listed wind entities, in India it can be close to nil. Compare this about 20 listed thermal companies. And in another A decade, wind as an industry will prove to add something like 50,000 MW. That’s a mainstream number,” says Kailas.
In our opinion, India is among the most exciting power market on the globe, for renewables. With 400 MW in construction today along with a pipeline exceeding 3,500 MW, we at Mytrah Energy Limited continuously play a significant role inside the increase of renewable capacity. Develop you will have this paper becoming a useful and informative resource and are pleased to embark on further discussion.
To learn more about Ravi Kailas please visit website: check it out.
